On Friday, the Department of Labor posted the highly-anticipated employment report for December. It was… not bad. The unemployment rate edged a little higher, to 4.7% (from 4.6%), but only because a great number of people poured into the workforce last month. The number of people who are employed moved higher, to 145.3 million; the DOL says we added 156,000...
Gold miners and biotech stocks could continue seeing big swings in the new year By Ryan Vlastelica, MarketWatch Investors in two of 2016’s wildest sectors won’t be getting a break from big swings in the new year. Exchange-traded funds that track gold miners and biotechnology stocks, both of which saw massive daily moves last year, will remain “among the most...
Gold miners and biotech stocks could continue seeing big swings in the new year By Ryan Vlastelica, MarketWatch Investors in two of 2016’s wildest sectors won’t be getting a break from big swings in the new year. Exchange-traded funds that track gold miners and biotechnology stocks, both of which saw massive daily moves last year, will remain “among the most...
Traders focus on Fed officials’ “considerable uncertainty” over economic impact of Trump’s fiscal spending plans By Sara Sjolin, MarketWatch Gold futures rose for a third straight day on Thursday as the dollar continued to slide after minutes from the Federal Reserve’s December meeting unsettled investors’ expectations about the pace of interest rate rises. Gold for February delivery gained $8.20, or...
Traders focus on Fed officials’ “considerable uncertainty” over economic impact of Trump’s fiscal spending plans By Sara Sjolin, MarketWatch Gold futures rose for a third straight day on Thursday as the dollar continued to slide after minutes from the Federal Reserve’s December meeting unsettled investors’ expectations about the pace of interest rate rises. Gold for February delivery gained $8.20, or...
Morgan Stanley warns of a “more uncertain and volatile outlook” after Jan. 20. By Julie Verhage, Bloomberg Investors have greeted Donald Trump’s surprise win with the biggest stock market rally for any new U.S. president. Morgan Stanley is cautioning, however, that his coming inauguration may mark an end to these post-election good times. The S&P 500 Index jumped 1 percent...
"I think we've got obviously a very positive new administration coming in. There's a lot of skepticism like your other guests here , who basically believed in the market but now believe we're going to stall out here and that Trump can't deliver. But remember, he's got a Republican congress that can help change a lot of things that can...
By Sara Sjolin, MarketWatch Oil prices moved sharply higher on Tuesday on hopes OPEC’s deal to cut production that set in on Sunday will help stabilize the market in 2017. Futures for West Texas Intermediate crude jumped $1.23, or 2.3%, to $54.95, setting it on track for its highest settlement since July 2015. Brent futures climbed $1.27, or 2.2%, to...
By Sara Sjolin, MarketWatch Oil prices moved sharply higher on Tuesday on hopes OPEC’s deal to cut production that set in on Sunday will help stabilize the market in 2017. Futures for West Texas Intermediate crude jumped $1.23, or 2.3%, to $54.95, setting it on track for its highest settlement since July 2015. Brent futures climbed $1.27, or 2.2%, to...
If anything, last week was supposed to be bullish… the Santa Claus rally. Santa only left coal in traders' stockings this time around, though, sending the S&P 500 1.1% lower for the shortened trading week. Perhaps worse, in the process of doling out the pullback, the S&P 500 fell under a couple of crucial support lines, meaning stocks will start...
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