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'A Shocking Number': Experts React To 6.8% CPI Inflation, Highest Since 1982
Friday, December 10, 2021 - 10:42am | 451The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.8% on Friday morning after the Labor Department reported a 6.8% increase in the consumer price index in the month of November, the fastest inflation growth since 1982. What Happened: The headline CPI rose 6.8% in November, exceeding...
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US Economy Adds Just 210,000 Jobs In November: 6 Experts React To Huge Payroll Miss
Friday, December 3, 2021 - 11:01am | 619The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.4% Friday morning after the Labor Department reported disappointing U.S. jobs market numbers from November. The U.S. added 210,000 jobs in November, missing consensus economist estimates of 573,000 jobs. The U.S. unemployment rate fell...
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5 Recession Risk Factors That Investors Should Be Watching
Monday, November 15, 2021 - 1:13pm | 537The SPDR S&P 500 ETF Trust (NYSE: SPY) has plenty of bullish momentum heading into the end of the year, and the latest jobs report from the Labor Department highlighted just how strongly the economy is rebounding now that COVID-19 vaccinations are widespread. Yet economic recessions always...
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US Economy Adds 531,000 Jobs In October: Experts React To Booming Payroll Growth
Friday, November 5, 2021 - 9:57am | 582The SPDR S&P 500 ETF Trust (NYSE: SPY) traded slightly higher Friday morning after the Labor Department reported a strong rebound in the U.S. jobs market in October. The U.S. added 531,000 jobs in October, exceeding consensus economist estimates of 450,000 jobs. The U.S. unemployment rate fell...
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US Economy Adds Just 194,000 Jobs In September: Experts React To Second Straight Major Miss
Friday, October 8, 2021 - 9:46am | 602The SPDR S&P 500 ETF Trust (NYSE: SPY) traded slightly higher Friday morning after the Labor Department reported its second straight disappointing monthly jobs reports. The U.S. added just 194,000 jobs in September, falling well short of consensus economist estimates of 500,000 jobs. The U...
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Just How Bad Was September For The Stock Market?
Saturday, October 2, 2021 - 10:17am | 538The SPDR S&P 500 ETF Trust (NYSE: SPY) finished the month of September down 4.8%. While that’s far from a stock market crash, the September pullback was notable for several reasons. The Numbers: September was not only the worst month of 2021, it was also the worst month for the S&P...
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Experts React To Market Sell-Off: 'We Prefer The Financials And Banks'
Tuesday, September 28, 2021 - 2:35pm | 613The SPDR S&P 500 ETF Trust (NYSE: SPY) was down 1.9% in midday trading on Tuesday. Tech stocks were hit particularly hard as investors dumped Nasdaq stocks over concerns about rising 10-Year Treasury bond yields. Treasury yields are now near their highest levels since June after the Federal...
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Ride The Rally Or Sell The Rip? Experts React To Stock Market's Post-Fed Gains
Thursday, September 23, 2021 - 3:27pm | 566The SPDR S&P 500 ETF Trust (NYSE: SPY) has rallied 2.4% in the last two days after the Federal reserve said on Wednesday that it could begin tapering its $128 billion in monthly asset purchases “soon.” The Fed’s commentary suggests the U.S. economy is now on strong enough...
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'Worrisome Combination': Experts React To Disappointing August Jobs Report
Friday, September 3, 2021 - 10:10am | 612The SPDR S&P 500 ETF Trust (NYSE: SPY) dipped lower Friday morning after the Labor Department reported one of the most disappointing monthly jobs reports in recent history. The U.S. added just 235,000 jobs in August, falling well short of consensus economist estimates of 720,000 jobs. The...
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'We Are More Than Due For Some Turbulence': Experts React To Stock Market's Worst Day In Months
Monday, July 19, 2021 - 5:45pm | 571The SPDR S&P 500 ETF Trust (NYSE: SPY) bounced off its early Monday lows but still closed down 1.4%, while the Dow Jones Industrial Average dropped 725 points for its worst day of 2021. The primary catalyst driving the market lower appears to be a rise in COVID-19 cases (specifically in regards...
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Why The Tight US Labor Market May Be Here To Stay
Monday, July 5, 2021 - 8:51am | 543In a series of blog posts last week, Commonwealth Financial Network chief investment officer Brad McMillan discussed just what’s going on with labor shortages in the U.S. economy. The $300-per-week emergency federal unemployment supplement has taken a lot of the blame for the lack of...
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Experts React To 5% CPI Inflation, Highest Since 2008
Thursday, June 10, 2021 - 11:34am | 634The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.5% on Thursday morning after the Labor Department reported a 5% increase in the consumer price index in the month of May, the fastest inflation growth since the summer of 2008. What Happened: The headline CPI index rose 5% in May,...
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How Did Archegos Capital Collapse?
Friday, April 30, 2021 - 3:22pm | 736Credit Suisse (NYSE: CS) reported a $4.8-billion loss in the first quarter from its exposure to U.S. hedge fund Archegos Capital. But many investors had never heard of Archegos until the fund blew up, severely impacting Credit Suisse, Nomura and a handful of media and tech stocks.. What Is Archegos...
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Investing Pros And Cons Of A Blue Washington
Friday, January 8, 2021 - 9:20am | 428The SPDR S&P 500 ETF Trust (NYSE: SPY) rallied once again on Thursday, and investors are clearly feeling optimistic about the economy’s near-term outlook after Democrats successfully gained control of the Senate earlier this week. While a Democratic “blue wave” in Washington...
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'Making Progress': Stock Market Update For The Week Ahead
Monday, December 21, 2020 - 8:12am | 1049The Past Week, In A Nutshell What Happened: Despite a volatile week, U.S. index futures managed to establish new all-time highs. Remember This: “In the longer term, the good news is that vaccines are now rolling out increasingly quickly,” said Brad McMillan, chief investment officer at...