Equities Make Comeback After 2013 Worst Day Ever On Housing And Consumer Data

Equities Make Comeback After 2013 Worst Day Ever On Consumer And Housing Data Will it last? Stocks made a strong comeback today after the Dow Jones Industrial Average fell over 200 points yesterday to close with the worst point loss in 2013 so far.  After 3 weeks of severely tight trading, stocks broke out of[…]

Dow Closes Above 14,000 On Positive Jobs Data, Consumer Confidence And Manufacturing Data

Dow Closes Above 14,000 On Positive Jobs Data, Consumer Confidence And Manufacturing Data: Just when the economy looked like it was teetering, the data gets better.  Today, a slew of economic data confirmed the economy isn’t in contraction mode although it’s still growing at a slow pace.  January 2013 nonfarm payrolls rose by 157,000 which[…]

Fourth Quarter 2012 GDP at 0.1 Percent, Lowest In 3 Years

Fourth Quarter 2012 GDP at 0.1 Percent, Lowest In 3 Years: Jobs data tomorrow could confirm weakness. Remember all that wrangling about what would happen to the U.S. economy if Republicans and Democrats continued to squabble over the fiscal cliff? Well… it happened.  The U.S. economy grew at the worst pace in three years in[…]

Mastercard SpendingPulse Report 2012 Lower Than Expected On Fiscal Cliff Fears

Mastercard SpendingPulse Report 2012 Lower Than Expected On Fiscal Cliff Fears: Retail stocks took a hit today as MasterCard released data showing the 2012 holiday season has been lackluster in terms of consumer spending.  Even with unemployment improving from 8.5 percent in December of 2011 to 7.7 percent last month, consumers aren’t spending.  This follows[…]

economy

November 2012 Housing Data and 3rd Quarter GDP Upward Revision To 3.1 Percent Help Lift Stocks

November 2012 Housing Data and 3rd Quarter GDP Upward Revision To 3.1 Percent Help Lift Stocks: The economy is growing faster than previously anticipated but this could become a problem if the fiscal cliff isn’t solved soon.  The Commerce Department said Thursday that gross domestic product increased at an annual rate of 3.1% in the third[…]

economy

Initial Jobless Claims For Week Of December 1, 2012 Stronger Than Expected: The Economy Vs. The Fiscal Cliff

Initial Jobless Claims For Week Of December 1, 2012 Stronger Than Expected – The Economy Vs. The Fiscal Cliff: U.S. initial jobless claims decreased by more than expected for the week ended December 1.  The Labor Department said today, jobless claims fell by 25,000 to 370,000.  Most economists were expecting jobless claims between 380,000 and[…]

US Third Quarter GDP Rises To 2.7 Percent But Fiscal Cliff Woes Continue

US Third Quarter GDP Rises To 2.7 Percent But Fiscal Cliff Woes Continue: U.S. GDP rose to 2.7 percent in the third quarter according to the U.S. Department of Labor.  GDP was revised from the first estimate but much of the increase was due to private inventories and government spending. The headline number did have a[…]

dollar bill

The U.S Economy Grows More In The 3rd Quarter 2012 But Wall Street Plays It Cool

The U.S Economy Grows More In The 3rd Quarter 2012 But Wall Street Plays It Cool: The U.S. economy is slowly getting better.  After growing at 1.3 percent in the second quarter of 2012, the economy grew faster from July to September.  The Commerce Department said today GDP grew at 2 percent in the third[…]

student loan default

ISM Index For September 2012 Unexpectedly Strong, Student Loan Defaults Increase

ISM Index For September 2012 Unexpectedly Strong, Student Loan Defaults Increase: ISM back above 50. The U.S. manufacturing sector expanded in September and decreased some expectations that the U.S. economy was drifting closer toward a recession.  Manufacturers expanded activity for the first time in three months as more orders suggest the economy is in slow[…]

durable-goods washer and dryer

Durable Goods Orders Fall By Most In 3-1/2 Years, 2Q12 GDP Revised Down, Jobless Claims Lower,

Durable Goods Orders Fall By Most In 3-1/2 Years, 2Q12 GDP Revised Down, Jobless Claims Lower: Orders for durable goods, manufacturing goods intended to last at least 3 years or more, fell due to the increasingly sluggish U.S. economy.  New orders for durable goods dropped by the largest amount in three and a half years[…]