Market Update

Unemployment data came in and the jobs was lower than expected and the unemployment rate ticked up a bit. There seems to be mixed reactions in the futures so far.

Brush Engineered Materials (BW) released earnings this morning and although they beat on the current quarter EPS they have lowered guidance for Q3 by a rather large amount. This is taking BW down 6.5% in pre market. The materials sector is one I am watching closely because it weighs heavily on the market. Have to hope that other stocks in the sector don't trade down in sympathy.