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Initial Jobless Claims Fall: Tight Labor Market Pushes Back Fed Rate Cut Expectations
Thursday, February 22, 2024 - 1:21pm | 552The number of U.S. citizens filing new claims for unemployment benefits fell more sharply than expected last week, underpinning the Federal Reserve’s faith in the resilience of the country’s labor market. Data from the Department of Labor on Thursday showed that in the week ending Feb....
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December Jobs Report And Weekly Initial Jobless Claims Could Be Good Omens For Economy
Tuesday, January 3, 2017 - 3:39pm | 241The U.S. Bureau of Labor Statistics will release its first jobs report of 2017 on Friday, which covers the final month of 2016. December Jobs Report According to Bloomberg, the following data sets can be expected: Non-farm payrolls to rise 151,000 to 210,000 from November's level. Unemployment to...
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Jobless Claims Hit Lowest Level Since 1973
Thursday, November 17, 2016 - 1:09pm | 277The smallest number of Americans are looking for a job today since 1973. Initial jobless claims for the week ending November 12 fell by 19,000 to 235,000. According to Bloomberg, filings for unemployment benefits stayed below 300,000 for the 89th straight week, which matches the longest streak seen...
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Markets Marginally Lower Ahead Of Friday's Jobs Report
Thursday, December 4, 2014 - 6:00pm | 1047U.S. stocks were slightly lower on Thursday as investors and traders may be sitting on the sidelines ahead of Friday's monthly jobs report. The Dow nearly traded lower by 100-points but rebounded and traded at a new all-time high of 17,937.96 before ending the day almost unchanged. U.S....
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Markets Little Moved Ahead Of The Thanksgiving Break
Wednesday, November 26, 2014 - 6:01pm | 731U.S. stocks inched higher on Wednesday as the Dow and S&P 500 closed the day at record highs and investors and traders were dealt a heavy flow of economic data. According to U.S. data, durable goods rose in October while unemployment benefits also rose last week. Personal income and...
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Dow, S&P 500 Close At Record Highs In Another Quiet Trading Session
Thursday, November 20, 2014 - 5:52pm | 1021U.S. stocks brushed off early morning losses and ended the day slightly positive. U.S. economic data showed existing home sales and leading indicators both being higher than expected for October, while U.S. preliminary PMI fell from October's reading as analysts were expecting a rise. On...
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Dow, S&P 500 Close Yet Again At Record Highs Ahead Of Friday's Employment Report
Thursday, November 6, 2014 - 6:00pm | 711U.S. stocks rose as the Dow and S&P 500 closed yet again at new record highs. Helping the bull charge includes positive economic reports including the number of Americans filling for jobless benefits falling from a week ago. Also, reassurances from the European Central Bank were conveyed...
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Markets Rally On Better Than Expected GDP; Dow Has Best Close In More Than A Month
Thursday, October 30, 2014 - 5:09pm | 1851U.S. stocks rose on Thursday after government data showed the U.S. economy grew 3.5 percent in the third quarter, better than the 3.0 percent expected. Investors brushed off a poor reading on the number of Americans filing for jobless benefits, which rose last week in favor of GDP data; this...
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Markets Boosted From Strong Earnings Releases, Jobless Benefits
Thursday, October 23, 2014 - 5:14pm | 2034U.S. stocks rose on Thursday after Wednesday's decline on strong earnings reports from Caterpillar and 3M. Also, U.S. data showed a decline in Americans filing for jobless benefits. The bullish sentiment on Wall Street may have been spoiled by fresh reports of a doctor who recently returned...
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Dow's Losing Streak Now Stands At 6 Days, S&P 500 And Nasdaq Slightly Positive
Thursday, October 16, 2014 - 5:07pm | 2915U.S. stocks were mixed on Thursday as the Dow Jones index traded lower by 206 points before recouping most of these losses. However, the index closed the day in negative territory for the sixth straight day, despite encouraging U.S. labor data being reported. Speaking to Bloomberg, St. Louis...
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Dow Suffers Worst One-Day Performance In 2014, Volatility Returns To The Markets
Thursday, October 9, 2014 - 4:55pm | 2188U.S. stocks plunged with the Dow, shedding more than 300 points, suffering the worst single day performance of the year. Despite the 300-plus point loss, both the S&P 500 and Nasdaq saw higher losses on a percentage basis as the CBOE Volatility Index surged over 24 percent to 18.76....
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Markets Little Changed Ahead Of Friday's Jobs Report
Thursday, October 2, 2014 - 5:10pm | 2062U.S. stocks reversed early morning declines and closed the day little changed ahead of Friday's job reports data, which will be released at 8:30 A.M. The number of Americans filing claims for unemployment benefits unexpectedly fell last week by 8,000 according to data released today. Not...
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Markets Reverse Early Morning Losses; Still Lower On The Day
Thursday, August 28, 2014 - 4:40pm | 2611U.S. stocks declined as geopolitical concerns outweighed an improved economic read on second-quarter growth. Ukraine's President stated that Russian troops had crossed in to Ukraine territory and were fighting alongside Russian supported separatists. Markets initially traded lower on the...
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Markets Continue To Rally Ahead Of Yellen's Speech At Jackson Hole
Thursday, August 21, 2014 - 5:16pm | 2993U.S. stocks rose as the S&P 500 toppled to a new all-time high of 1,994.76 while the Dow rose above the 17,000 mark following positive economic reports. Speaking from Jackson Hole, San Francisco's Federal Reserve President John Williams stated that raising the benchmark interest rate...
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Markets Gather Some Momentum As Volume Remains Light, Geopolitical Tension Improving
Thursday, August 14, 2014 - 4:37pm | 2822U.S. stocks rose to close the day with moderate gains despite a larger than expected increase in jobless claims. “The end of 2015 Q1 is still my preferred liftoff date,” St. Louis Fed President Jim Bullard told The Wall Street Journal. The end of the first quarter is ahead of the...