Surprise Resulted In This Market Mechanic Causing A Sell-Off Before Traditional Santa Claus Rally - Apple (NASDAQ:AAPL)
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The number of Americans filing new claims for unemployment benefits rose marginally last week, the latest suggestion that the economy was regaining some momentum as the year winds down. The smaller-than-expected increase in weekly jobless claims reported by the Labor Department on Thursday followed recent data showing retail sales unexpectedly rising in November, while single-family housing starts and building permits scaled 1-1/2-year highs. The economy had appeared in danger of stalling at the start of the quarter.
A more tranquil week on the agenda as we head into the Christmas holidays.
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Index Signals Slower Job Growth to Start 2024NEW YORK, Dec. 11, 2023 /PRNewswire/ -- The Conference Board Employment Trends Index™ (ETI) decreased...