Dow gains 7 points after Obama's deficit speech. Stocks on the S&P up less than 1 point.
Dow falls 29 points as gold soars to new record and oil prices reach highest level since 2008. Traders focus on impact on stocks of a potential government shutdown.
Wall Street insiders aren't worried the government might hang an 'out to lunch' sign. The market improved during the 1995 government shutdowns. Of greater concern: raising the debt ceiling.
Dow Jones falls 88 points after falling nearly 180 points. Stocks on S&P and Nasdaq also pare losses at the close.
Not only did the unemployment rate fall, but the US economy added 192,000 jobs in February. But economists view the numbers differently.
The bull market is entering its third year, historically a time when investors grow wary. They’ll have good reason for caution in 2011, given the potential for higher interest rates, federal budget struggles, a surge in commodity prices, and the challenges corporations may find in churning out higher and higher profits. These stresses won’t necessarily end the party on Wall Street, just change it. Here are 10 investment trends to watch for in 2011:
Unemployment rate rose to 9.8 percent, as US economy gained a disappointing 39,000 jobs last month, versus 172,000 in October. The news may prod Congress toward more stimulus spending.
The economy created more jobs than expected – 151,000 – in October, the best showing since May. Jobs are being added in many sectors, including health care, retail, and temp agencies. The unemployment rate, though, still stands at 9.6 percent.
Since March 2009, the Standard & Poor's average has rebounded 76 percent, and the stock market could be getting ready for more gains in the months ahead.
Much of the drop in the unemployment rate occurred because disappointed workers stopped looking for jobs.