Financial stocks led a stock-market rally after the jobs report. AIG surged 20% and American Express led blue chips.
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A big gain in the job market is lifting the stock market to new milestones. The Dow Jones industrial average crossed 15,000 for the first time early Friday, and the Standard and Poor's 500 index, a broader market measure, broke through 1,600 for the first time. More - Unemployment falls to 7.5%; job creation solid in April
The job market plugged along steadily, and unemployment fell in April, according to new data out Friday, suggesting that the U.S. economy is still expanding. The nation added 165,000 jobs in April as the unemployment rate fell to 7.5 percent, from 7.6 percent in March, the Labor Department said on Friday. More - U.S. Jobless Claims Fall to 5-Year Low
The number of Americans seeking unemployment benefits fell to the lowest level in more than five years, a positive signal for the labor market ahead of Friday's April jobs report. More
BING NEWS:
- Texas Pacific Land Shares Hit All-Time High After Addition to S&P 500
Shares of Texas Pacific Land touched an all-time high in post-market trading after it was disclosed the company will join the S&P 500 index. The company will replace Marathon Oil, which is being ...
11/21/2024 - 10:52 am | View Link - Wall Street closes higher as Dow, S&P hit one-week tops
Wall Street's main indexes closed higher after choppy trading on Thursday, with the blue-chip Dow and the S&P 500 hitting one-week tops. Dow Jones Industrial Average gains were aided by cloud company ...
11/21/2024 - 8:45 am | View Link - Stock market today: Dow, S&P 500 eke out gains ahead of Nvidia earnings
Nvidia's results are seen as a reality check on just how important the AI chipmaker is to the rally in stocks.
11/20/2024 - 8:09 am | View Link - Goldman and Morgan Stanley Predicts S&P 500 to Hit 6,500 by 2025, Led by Tech Giants
Goldman Sachs and Morgan Stanley predict the S&P 500 will Hit 6,500 by the end of 2025, based on confidence in the US economy and corporates' ability to perform. This forecast implies a more than 10% ...
11/19/2024 - 11:36 am | View Link - S&P 500 Could Hit 6500 by End of 2025, Goldman Sachs, Morgan Stanley Say
The S&P 500 could hit 6500 by the end of next year, according to Goldman Sachs and Morgan Stanley, boosted by the U.S. economy's growth and higher corporate earnings.
11/19/2024 - 7:05 am | View Link - More
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