Last month the U.S. economy added 178,000 new jobs, in line with expectations. The unemployment rate fell to 4.8%, the lowest since August 2007.

The estimate for U.S. growth in the third quarter was raised to 3.2%. After tax corporate profits increased by 5.2%, the first move higher since the end of 2014.

Oil moved higher as the Organization of the Petroleum Exporting Countries agreed to cut production by 1.2 million barrels a day and 600,000 barrels by non-OPEC members.

Access the Valeo Financial Advisors Market Update