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What Recession? New Jobs Data Doubles Expectations, What You Need To Know
Wednesday, May 3, 2023 - 11:21am | 343Private sector employment in the U.S. surged in April, with a total of 296,000 jobs added during the month, according to data issued in the ADP National Employment Report. What Happened: The job additions are a significant increase compared to the revised 142,000 jobs added in March, and are more...
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A Bunch Of Economic Data Points Are Coming Out Next Week
Friday, July 31, 2015 - 2:52pm | 307The week starting on August 3 will bring a bunch of interesting news. Not only will the market see companies like Walt Disney Co (NYSE: DIS), Priceline Group Inc (NASDAQ: PCLN), Tesla Motors Inc (NASDAQ: TSLA), Michael Kors Holdings Ltd (NYSE: KORS) and Groupon Inc (NASDAQ: GRPN) report their...
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Markets Inch Higher Following Encouraging Beige Book Commentary
Wednesday, December 3, 2014 - 6:11pm | 923U.S. stocks were mostly higher as the Dow and S&P 500 closed the day at record highs. The Fed's Beige book contained positive commentary on improved employment with “widespread” gains across all 12 districts. Manufacturing activity improved in most districts along with...
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Dow, S&P 500 Close At Record Highs
Wednesday, November 5, 2014 - 6:04pm | 859U.S. stocks were mostly higher after Republicans took control of the Senate after Tuesday's elections as the Dow Jones Industrial Average (INDEXDJX: .DJI) and S&P 500 (INDEXSP: .INX) both closed at historical all-time highs. "Congress will pass some bills I cannot sign; I'm...
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Mixed Economic Data, Ebola Scares Rattle Markets
Wednesday, October 1, 2014 - 5:02pm | 1696U.S. stocks declined sharply as investors digest reports of a confirmed case of Ebola in the United States. In addition, economic data released on Wednesday was mixed, at best. Construction spending fell during August while ISM manufacturing came in weaker than expected. Bulls are hoping that...
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GDP And Jobs Drive Index ETF, While Twitter Juices A Social Media One
Wednesday, July 30, 2014 - 10:11am | 503ETF Outlook for Wednesday, July 30, 2014 The pullback in the U.S. stock market continued yesterday with all three major indices closing in the red. The NASDAQ held up the best with a small loss of two percent, led by some strong technology earnings. The tech-heavy index should once again show...
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Market Wrap For June 4: Markets Slightly Higher On Light Volume, Beige Book
Wednesday, June 4, 2014 - 4:38pm | 2314U.S. stocks were moderately higher as the S&P 500 continues to reach new highs. Investors found plenty of positives after the Federal Reserve released its summary of commentary on current economic conditions, also known as the “Beige Book.” “All twelve Federal Reserve...
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Market Wrap For April 30: Markets Positive Despite Fed Tapering and GDP Rising Less Than Expected
Wednesday, April 30, 2014 - 4:35pm | 3030U.S. stocks rose as investors cheered the latest move by the Federal Reserve who stacked on another $10 billion to its tapering effort. By doing so, the central bank has lowered its asset purchases to $45 billion per month. “Information received since the Federal Open Market Committee met in...
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Market Wrap For April 2: Markets On Four-Day Winning Streak
Wednesday, April 2, 2014 - 4:40pm | 2499U.S. stocks rose for the fourth-consecutive day as investors found plenty of positives in today's ADP National Employment Report released today. As a result, the S&P 500 hit new all time highs of 1,893.17 while the Dow remains just a few small points away from its all time highs. The next...
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Market Wrap For February 5: Markets Unsure Of Which Direction To Take
Wednesday, February 5, 2014 - 5:47pm | 3034U.S. stocks finished the day almost unchanged as investors and traders were presented with a mixed bag of data today. A better than expected report on the service sector negated another report that showed that companies added fewer employees to their payrolls than anticipated in January. The...
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Market Wrap For January 8: Fed Minutes Released
Wednesday, January 8, 2014 - 5:39pm | 2250Major indices finished Wednesday's trading session relatively flat as the Fed's minutes released had no impact on the markets. Minutes released from the Federal Reserve's latest meeting re-affirmed that many members on the committee wanted to proceed with caution in trimming the $85 billion...