The Jobs Market April 2013 Is Characterized By Confusion: Initial jobless claims decreased last week but the economy doesn’t seem too strong. Claims for initial jobless benefits fell by 16,000 for the week ended April 20 to 339,000 the Labor Department said today. The reading was the lowest since March 9 but market participants weren’t…
No need to worry about the Fed ending QE with mixed economic data: Durable goods orders fell in March as businesses cut back on investment in capital equipment. The Commerce Department said durable-goods orders for long lasting manufactured goods fell by 5.7 percent from the prior month. Some of the decrease in durable goods orders…
Associated Press Tweet Causes Flash Crash, Rattles Markets: The Dow Jones Industrial Average fell precipitously after a tweet from the Associated Press claimed the White House had been attacked and that President Obama was hurt. The tweet occurred at 1:07 pm and at 1:16 pm, AP confirmed the account had been hacked at a White…
S&P 500 Rangebound. The S&P 500 bounced off of levels that were considered near term support after a tumultuous headline filled week due to the Boston Marathon bombers and worries about public safety. Equities rebounded after the bomb suspects had been accounted for and follow through today was a positive sign for stock market bulls.…
Are stocks signaling a much weaker economy than expected earlier in 2013? The U.S. Department of Labor said initial claims for unemployment insurance benefits rose last week. Jobless claims rose by 4,000 from the prior week of 348,000 and are evidence the labor market remains weak. A weak labor market continues to have negative effects…
