After much anticipation and speculation, investors were relieved with today’s rather upbeat government jobs report. According to the Labor Department, the U.S. added 146,000 jobs last month, up from the previously recorded 138,000 increase in October. The latest unemployment figure also bucked analyst’s expectations, dropping to 7.7%, compared with economists’ forecasts for the rate to remain unchanged. Meanwhile, the Thomson Reuters and University of Michigan’s consumer-sentiment index fell more than expected, showing how U.S. consumers feel less upbeat about the economy in early December [see also 101 High Yielding ETFs For Every Dividend Investor]. Global Market Overview: Stocks Inch Higher On Jobs Data Bolstered by better-than-expected jobs data, the majority of U.S. equities managed to close in positive territory once again. Tech-heavy Nasdaq , however, logged in a 0.38% loss following yet another day of declines in Apple (AAPL). The S&P 500 inched 0.29% higher, while the Dow Jones Industrial Average came out on top with its 0.62% [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Gear Up For Turbulence December ETF Roundup: $1 Trillion And Counting ETF Insider: Fiscal Cliff Woes Simmer On Tax Talks 5 Best (And 5 Worst) ETF Performers Over The Last Year 3 Best (And 3 Worst) ETF Performers Over The Last 3 Years
After much anticipation and speculation, investors were relieved with today’s rather upbeat government jobs report. According to the Labor Department, the U.S. added 146,000 jobs last month, up from the previously recorded 138,000 increase in October. The latest unemployment figure also bucked analyst’s expectations, dropping to 7.7%, compared with economists’ forecasts for the rate to remain unchanged. Meanwhile, the Thomson Reuters and University of Michigan’s consumer-sentiment index fell more than expected, showing how U.S. consumers feel less upbeat about the economy in early December [see also 101 High Yielding ETFs For Every Dividend Investor]. Global Market Overview: Stocks Inch Higher On Jobs Data Bolstered by better-than-expected jobs data, the majority of U.S. equities managed to close in positive territory once again. Tech-heavy Nasdaq , however, logged in a 0.38% loss following yet another day of declines in Apple (AAPL). The S&P 500 inched 0.29% higher, while the Dow Jones Industrial Average came out on top with its 0.62% [...]
Click here to read the original article on ETFdb.com.
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