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US Adds 467,000 Jobs In January: 'Good For The Economy, But Not For Markets'
Friday, February 4, 2022 - 11:04am | 605The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.2% Friday morning after the Labor Department reported encouraging U.S. jobs market numbers from January. The U.S. added 467,000 jobs in January, beating consensus economist estimates of 150,000 jobs. The U.S. unemployment rate ticked...
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'Risks Are Rising': Experts React To 7% CPI Inflation, Highest Since 1982
Wednesday, January 12, 2022 - 10:50am | 563The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.4% on Wednesday morning after the Labor Department reported a 7% increase in the consumer price index in the month of December, the fastest inflation growth since 1982. What Happened: The headline CPI rose 7% in November, in-line with...
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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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Experts React To 6.2% CPI Inflation, Highest Since 1990
Wednesday, November 10, 2021 - 11:23am | 548The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.3% on Wednesday morning after the Labor Department reported a 6.2% increase in the consumer price index in the month of October, the fastest inflation growth since late 1990. What Happened: The headline CPI rose 6.2% in October,...
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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 GDP Up 2% In Q3: 'Very Disappointing'
Thursday, October 28, 2021 - 11:05am | 591Investors got some disappointing news about the economic rebound Thursday when the U.S. Commerce Department reported third-quarter GDP growth that fell short of economist expectations. What Happened? U.S. GDP grew just 2% in the third quarter, short of economist estimates of 2.8%. Third-quarter...
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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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'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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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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'I'm Playing A Bit Of Defense': Experts React To 4.2% CPI Inflation
Wednesday, May 12, 2021 - 1:56pm | 592The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1.7% on Wednesday after the U.S. Consumer Price Index rose 4.2% in the month of April, its largest increase since September 2008. April’s inflation increase exceeded consensus economist estimates of 3.6%. Fed Not Alarmed: Federal...
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Irrational Exuberance? Stocks Surging, Markets At All-Time Highs On Pfizer's COVID-19 Vaccine News
Monday, November 9, 2020 - 11:01am | 758The S&P 500 skyrocketed 3.2% on Monday morning following news from Pfizer Inc. (NYSE: PFE) that its coronavirus vaccine candidate is more than 90% effective. While the news triggered a broad market rally, stocks that have been hit hardest during the pandemic were some of the market’s...
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Worst-Case Scenario Off The Table? Market Experts React To Election Results
Wednesday, November 4, 2020 - 2:35pm | 568The SPDR S&P 500 ETF Trust (NYSE: SPY) ripped higher by 3.2% on Wednesday as many swing states continue to count election votes. The election is shaping up to be one of the closest in history, and several analysts and experts have weighed in on what that could mean for investors in the days and...
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Why The Senate Matters More Than The White House To Investors On Election Day
Tuesday, November 3, 2020 - 2:16pm | 449All eyes are on Washington, D.C. this week as investors will get their first indication of who will be calling the shots from the White House for the next four years. But while President Donald Trump and former Vice President Joe Biden are getting most of the attention, the Senate races may...
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Experts React To Trump's Coronavirus Diagnosis And Its Impact On The Stock Market
Friday, October 2, 2020 - 11:31am | 708Markets traded lower on Friday after U.S. President Donald Trump tested positive for the coronavirus just one month ahead of the November election. Trump and First Lady Melania Trump both tested positive shortly after top Trump aide Hope Hicks tested positive. Trump’s diagnosis comes...