Some traders expect it to fall to 3,100 within the next few weeks.

Traders had expected a rise in the number of new jobs.

In addition, while an interest rate cut is still likely, many traders do not expect one before the election.

Traders had expected the ratio to be 4.3 to 1.

Oil is up 50 percent this year and traders expect prices to pass $50.

The spread was within the range of the 115 to 120 basis points many traders had expected.

Traders had expected the April number to decline to 49.4 percent.

Some traders had been expecting the figure to rise by 15,000.

But traders expect the downward march to begin again soon.

And traders in the bond market do not expect the worst to happen this time.