From manufacturing to housing to price inflation data, there will be no shortage of government reports on the health of the U.S. economy next week, most of which have the capacity to move markets. And if that wasn’t enough, the Federal Reserve will meet and hand down a decision on interest rate policy.
In other words, [...]
The Dow was up by 59 points, or 0.5%, to 10,986. The S&P 500 added 9 points, or 0.8%, to 1187 and the Nasdaq was ahead by 26 points, or 1.1%, to 2429.
On Friday, the Labor Department said the U.S. economy added 162,000 nonfarm payrolls in March, after shedding 14,000 in February. Economists had projected [...]
(01-05) 04:00 PST Washington –
An unexpectedly strong report on manufacturing activity Monday bolstered confidence that the nation’s factories will help sustain an economic recovery.
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(01-06) 07:36 PST New York (AP) –
A measure tracking the U.S. service sector returned to growth last month, helped higher by the holiday season’s retail sales, but the slight expansion wasn’t enough to kick-start hiring.
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The Dow Jones Industrial Average closed up 156 points, or 1.5%, to 10,584. The S&P 500 gained 18 points, or 1.6%, to 1133, and the Nasdaq added 39 points, or 1.7%, to 2308.
Percentage gains from Boeing(BA Quote), Bank of America(BAC Quote) and Pfizer(PFE Quote), which advanced around 4% each, helped power the Dow to its [...]