Independent Advisor Alliance

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower Friday after the Labor Department reported strong U.S. jobs market numbers from September. The U.S. added 263,000 jobs in September, beating average economist estimates of 250,000 jobs. The unemployment rate fell 0.2% to 3.5%, below consensus...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher Friday morning after the Labor Department reported strong U.S. jobs market numbers from August. The U.S. added 315,000 jobs in August, beating average economist estimates of 298,000 jobs. The unemployment rate increased 0.2% to 3.7%, above...

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded higher by 1% on Wednesday morning after the Labor Department reported an 8.5% year-over-year increase in the consumer price index in the month of July, a potential sign that inflation may finally have peaked. What Happened: The headline CPI rose...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1% on Tuesday after the latest reading of consumer confidence suggests U.S. shoppers are taking notice of rising prices and falling stocks. What Happened: The Conference Board's consumer confidence index dropped from 103.2 in May to...

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower by 0.6% on Wednesday morning after the Labor Department reported an 8.3% increase in the consumer price index in the month, indicating inflation remains near 40-year highs. What Happened: The headline CPI rose 8.3% in April, down slightly...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 2.1% on Thursday after the Commerce Department said U.S. GDP declined 1.4% in the first quarter. What Happened: U.S. GDP unexpectedly declined 1.4% in the first quarter, falling well short of consensus economist estimates of 1% growth....

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded higher by 0.9% on Tuesday morning after the Labor Department reported an 8.5% increase in the consumer price index in the month of March, the highest inflation growth since 1981. What Happened: The headline CPI rose 8.6% in March, above...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1.3% on Thursday morning after the Labor Department reported a 7.5% increase in the consumer price index in the month of January, the fastest inflation growth since 1982. What Happened: The headline CPI rose 7.5% in January, outpacing...

The 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...

The 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...

The 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...

The 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...

President Joe Biden announced Monday he will be renominating Federal Reserve Chairman Jerome Powell for a second term as Fed chair and will nominate Fed Governor Lael Brainard as vice chairman. Biden was widely expected to nominate either Powell or Brainard for the position of Fed chair. Powell was...

The 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,...

The 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...