Page 52 - Thomas Simons News Today

U.S. businesses shed jobs last month for the first time since April, driven by losses in the hospitality sector. The unemployment rate remained steady at 6.7%.

U.S. stocks close at all-time highs after Biden promise of more aid offsets worst jobs report since April MarketWatch 1/8/2021 MARKET SNAPSHOT U.S. equity-indexes clinched a fresh round of records Friday, to close out a volatile first week of 2021, with President-elect Biden’s promise of more financial aid for Americans offsetting a report showing the first monthly job losses since April amid a resurgence of COVID-19 cases. How did stock benchmarks perform? On Thursday, the market booked ...

U.S. stocks close at all-time highs after Biden promise of more aid offsets worst jobs report since April MarketWatch 1/8/2021 MARKET SNAPSHOT U.S. equity-indexes clinched a fresh round of records Friday, to close out a volatile first week of 2021, with President-elect Biden’s promise of more financial aid for Americans offsetting a report showing the first monthly job losses since April amid a resurgence of COVID-19 cases. How did stock benchmarks perform? On Thursday, the market booked ...

Order Reprints Text size The services sector held up in December despite a surge in coronavirus cases. Here, a restaurant in Bethesda, Md. Sarah Silbiger/Getty Images Activity in the services sector expanded for the seventh month in a row, defying surging Covid-19 infections and a fresh round of commercial restrictions around the country aimed at slowing the spread of the disease. The Institute for Supply Management’s services sector purchasing-managers index climbed ...

Dreamstime The 10-year Treasury yield is back above 1% for the first time since the pandemic began, as the rising likelihood of Democratic Senate control raises expectations for government stimulus—and stronger growth and inflation as a result. Long-term yields climbed sharply on Wednesday after the Associated Press called the Georgia Senate runoff for Democratic candidate Raphael Warnock, and as Democrat Jon Ossoff held a narrow lead over Republican David Perdue. The 30-year yiel...

Stock ETFs Rally as Indexes Hit Fresh Highs Amid Stimulus Optimism December 17, 2020 Stocks and index ETFs achieved fresh closing highs on Thursday, buoyed by optimism that lawmakers might complete negotiations over additional fiscal aid before the end of the year. The S&P 500 advanced 0.6%, holding above the 3,700 level, as the tech-based Nasdaq rallied 0.84%. Meanwhile, the Dow Jones Industrial Average gained roughly 150 points, or 0.5%. Major stock ETFs also broke to higher ground on Thurs...

Real estate, materials and health care were the best-performing sectors in the S&P 500, rising more than 1% each. Johnson & Johnson rose 2.6% to lead the Dow higher. "Stimulus is still the main driver in the market right now until they get something done, and it does appear there is some motivation on that front to get something done," said Dan Deming, managing director at KKM Financial. "The markets benefiting from that" enthusiasm. Congressional leaders on Wednesday closed in on a $900 stimul...

Al Drago/POOL/AFP via Getty Images The Federal Reserve said it would keep its current easy monetary policy in place until “substantial further progress has been made toward the Committee’s maximum employment and price stability goals.” In their latest policy statement, central bank officials decided to keep interest rates steady near zero, and said they would stick to a pace of bond buying of at least $80 billion of Treasuries and $40 billion of mortgage-backed securities each...

Stocks closed little changed on Thursday as lawmakers struggled to push through new fiscal stimulus before year-end.

U.S. stocks fell on Thursday following the release of weaker-than-expected jobless claims data at a time when lawmakers struggle to push thr...