Daily Data Flow: Jobs Report Boosts Stocks; Post Office Needs New Bailout; Oil Futures Gain
U.S. stocks rose, sending the Standard & Poor’s 500 Index to the highest level since December 2007, after data showed employers added workers in December at about the same pace as the prior month.
Eagle Eye Opener: ‘Goldilocks’ Number; Wall Street Guessed Wrong; Service Firms Grow
The December jobs report showed the economy added 155,000 jobs last month and the unemployment rate ticked up to 7.8%. According to various consensus estimates, economists were expecting between 150,000 to 160,000 jobs added and a 7.7% unemployment rate.
Daily Data Flow: U.S. Stocks Fall; Private Sector Jobs Surge; Fed Is Wary of Stimulus Side Effects
U.S. stocks fell, erasing earlier gains, after Federal Reserve policy makers said at the latest meeting they probably will end their $85 billion monthly bond-purchase program sometime in 2013.
Eagle Eye Opener: One Expert Likes Gold and Equities; Wheat Prices Hit Seven-Month High; U.S. Manufacturers Rebound
With the fiscal cliff agreement safely finished, many U.S. investors now believe that smooth sailing lies ahead for U.S. equity markets.
Daily Data Flow: Agreement Boosts Stocks; Chinese Investment; Cliff Deal Benefits Dollar
U.S. stocks rose, giving the Standard & Poor’s 500 Index its biggest gain in more than a year, after lawmakers passed a bill averting spending cuts and tax increases that threatened a recovery in the world’s biggest economy.
Eagle Eye Opener: Fiscal Cliff Joins Y2K as Non-Event; Far East Markets Jump; European Markets Rise
In a move that aided overseas stock markets, President Obama and enough House Republicans that matter put together a deal to avert the fiscal cliff.
Daily Data Flow: Cliff Optimism; Halting Milk Price Spike; China to Maintain Monetary Policy
U.S. stocks rose on Monday, after the biggest weekly drop for the Standard & Poor’s 500 Index in about two months, amid speculation Congress will reach a deal to head off more than $600 billion in spending cuts and tax increases.