Good News, July | featured news

Private-Sector Jobs Increase by 114,000

Payroll firm ADP said private businesses added 114,000 jobs in July, more than expected, but similarly strong figures last month contrasted with government data.

 

Home sales up 7.6% in August

Sales of U.S. homes rose 7.6% in August -- recovering from their steep descent in July, when the end of a popular government stimulus program drove sales to their lowest levels in more than a decade.

 

Consumer spending, incomes rise in July

Consumer spending, incomes rise in July

Consumer spending rose at the strongest pace in four months in July, supported by a small gain in incomes, offering hope that consumers will be able to keep contributing to a modest recovery.

Senh: Some more good news for the economy. Hopefully, they keep coming.

 

Stocks Carry July Momentum Into August

New month starts higher after European bank profits boost U.S. financials.

Senh: Can we finally get close to 11,000. Only about 300 points to go.

 

Durable-Goods Orders Jump 4.9%

Orders for durable goods rebounded sharply in July, up 4.9%, staging their biggest gain in two years on demand for planes and capital goods.

 

247,000 Jobs Lost in July; Rate Falls Slightly to 9.4%

247,000 Jobs Lost in July; Rate Falls Slightly to 9.4%

Even as the July numbers came in better than expected, the job market remains shaky in the months ahead.

 

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