|Day's Range||8,630.57 - 8,665.44|
|52 Week Range||6,190.17 - 8,705.91|
Some market participants are starting to contemplate the notion that stellar employment figures could help embolden U.S. trade negotiators in a protracted tariff dispute between the U.S. and China—possibly resulting in a delay if not outright scuttling of a long-sought-after resolution. Indeed, a key report of the week from the Labor Department report showed that the U.S. economy created 266,000 new jobs in November, according to the Labor Department, the biggest gain since January and the unemployment rate slipped to 3.5%, a 50-year low. “This positive number could delay any US/China trade agreement, as signs of a stronger US economy will embolden US negotiators,” wrote Chris Gaffney, president of World Markets at TIAA Bank, in a research note after the nonfarm-payrolls report on Friday.
Expectations are running high for a preliminary U.S.-China trade pact before more tariffs are levied against Beijing next week, but plenty of other factors in December will keep investors on the edge of their seats.
The stock market’s closing bell typically rings at 4 p.m. Eastern, but for traders sniffing around for a broad-market strategy that’s proven to be a real winner in recent years, perhaps that sound should be treated as an opening bell.
According to a recent study from the EWG, “the richest of the rich” — the top 1% — received 13% of the federal payments, or more than $177,000 each. The bottom 80%, on the other hand, go an average payment of $5,136.
Buy and hold... and forget. Time in the market, not timing the market. Anybody who’s ever contributed to a retirement account has probably heard the tried-and-true approach Wall Street pros have been peddling for decades. But one financial planner explains what’s wrong with that advice.
Demand for short-term funding from the Federal Reserve is still running high ahead of the typical year-end cash crunch, even as the central bank has poured more than $320 billion into financial markets to keep credit flowing.
Steven Gidumal, managing partner of Virtus Capital, says the fate of this relentless bull market hangs on what happens in the upcoming 2020 presidential election.
U.S. stocks close sharply higher Friday after employment report for November beat expectations, while investors remain optimistic about the chances of a U.S.-China trade deal.
The main U.S. stock indexes closed with strong gains on Friday as November’s jobs report come much better than expected. Progress in trade talks with China remain cloudy.
The dollar rose and global equity markets jumped on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest recession fears and briefly taking the spotlight off contentious U.S.-China trade talks. U.S. Treasury yields rose, while gold slipped more than 1%, reflecting a rebound in investor appetite for risk as U.S. unemployment dipped to 3.5%, the lowest in nearly half a century. Stocks on Wall Street neared record highs, with the benchmark S&P 500 closing within 0.24% of its peak set nine days ago.
Wall Street ended solidly higher on Friday as a strong jobs report and optimism about U.S.-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite. The Dow and the Nasdaq ended the session down from last Friday's close. "This type of report shows underlying economic strength, and it gives corporate management confidence in the strength of the economy," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.
The stock market rally started the week with losses, but erased losses by Friday. DocuSign, Shopify and Progyny broke out on news while RH soared. Google founders left management roles.
U.S. stocks closed solidly higher Friday, helping to wipe out or chip away at weekly losses, after an key employment report for November ignited bullish buying on Wall Street, adding to some modest progress toward a partial Sino-American trade agreement. The Dow Jones Industrial Average gained 337 points, or 1.2%, to reach 28,015, the S&P 500 index advanced 0.9% to 3,146, while the Nasdaq Composite Index climbed 1% to 8,656. The moves on Friday were in contrast to trading that started the week after President Donald Trump in London implied that he would wait until 2020 to cement a phase-one trade agreement. For the week, the Dow and the Nasdaq finished down 0.1%, while the S&P 500 notched a 0.2% gain for the 5-day trading stretch. The economy created 266,000 new jobs, the most since January, and the unemployment rote fell to 3.5%, a 50 year low, Labor Department data showed, signaling that the jobs market remains robust even though economic growth has slowed. The government also revised the increase in new jobs in October to 156,000 from 128,000 and September's gain was raised to 193,000 from 180,000. The increase in new jobs easily topped the 180,000 MarketWatch forecast, helped by the end of the General Motors auto-workers strike which added roughly 50,000 jobs to the payrolls number. The unemployment rate slipped to 3.5% from 3.6% and matched a 50-year low. The average wage paid to American workers rose 7 cents, or 0.2%, to $28.29 an hour. The 12-month rate of hourly wage gains slipped to 3.1% from 3.2%. Helping to lift stocks even before the jobs report was news that China's State Council had begun the process on Friday of exempting some soybeans and pork imported from the U.S. from import tariffs, the state-run Xinhua News Agency said, a move taken as a sign of progress on at least a partial trade pact. The action comes about nine days from a Dec. 15 deadline at which import duties on $156 billion in China goods will be raised to 15%. In corporate news, Shares of Apple Inc. surged above its record closing price. The day's gains put the main benchmarks just short of their record closes.
Gold futures settle sharply lower on Friday after a U.S. report on November employment came in better-than-expected, with gains last month of 266,000 new jobs, marking the biggest monthly gains since January and reaffirming the health of the domestic economy.
The Dow Jones gapped up for the second time in three sessions Friday, helped by stronger than expected job growth in November.
U.S. stocks jumped on Friday as solid monthly jobs data and upbeat comments from President Donald Trump on trade talks with China spurred riskier bets, putting the benchmark S&P 500 index on track to log its second weekly gain in a row. White House economic adviser Larry Kudlow said the Dec. 15 deadline is still in place for a new round of tariffs on Chinese goods, but Trump likes where trade talks are going.
The Dow Jones Industrial Average gained 1.2% on a strong November employment report, while the S&P 500 and the Nasdaq Composite were both trading up 1.0%.
U.S. stocks jumped on Friday as a strong jobs report and upbeat comments from President Donald Trump on trade talks with China breathed new life into markets after a roller-coaster week. The S&P 500 index is now set to end the week marginally higher.
Amid the elation over Friday’s jobs report, investors are ignoring the fact that Larry Kudlow said President Donald Trump is not ready to sign a trade deal with China.
A week after they posted their third inflow record since the beginning of September, SRI and ESG funds took in another $2 billion last week.
U.S. stocks advanced on Friday as a strong jobs report and upbeat comments from President Donald Trump on trade talks with China breathed new life into markets after a roller-coaster week. "Overall, this was a very solid report and should put those fears of recession firmly in the rear view," said Michael Arone, chief investment strategist at State Street Global Advisors, Boston.