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:
- S&P Can Hit 6,100 By Year End as FOMO Kicks In, Mike Wilson Says
The S&P 500 Index can keep climbing into the final stretch of 2024, with a 5% gain from here not out of the question, as investors exhale after the US presidential election passes and year-end FOMO ...
11/4/2024 - 3:29 am | View Link - The S&P 500 Is On Track to Do This For the First Time This Century. Here's What History Says Happens Next.
It shouldn't be surprising that the "experts" aren't in agreement about the future. A bullish take from analysts at DataTrek Research suggests the S&P 500 will hit 6,000 before year-end, which is ...
11/2/2024 - 6:03 pm | View Link - Stock Market Today: S&P 500 logs biggest weekly drop in 2 months despite Friday's gains
The Dow was up over 450 points, or 1.1%, heading into midday, trading near 42,216, according to FactSet. The bounce was enough to erase three straight days of losses and put the index on pace for a ...
11/1/2024 - 1:57 pm | View Link - This closely watched stock-market indicator hit a 2½-year high. What it says will happen next.
Wall Street was growing more bullish in the final weeks before the Nov. 5 presidential election — a contrarian sign that may suggest limited upside for U.S. stocks.
11/1/2024 - 9:39 am | View Link - Home Prices Hit a New Record High, but the Pace of Growth Is Slowing Significantly and ‘Showing Signs of Strain’
What S&P said: “Home-price growth is beginning to show signs of strain, recording the slowest annual gain since mortgage rates peaked in 2023,” Brian D. Luke, head of commodities, real estate and ...
11/1/2024 - 4:35 am | View Link - More
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