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Zacks News
Unemployment Rate 5.2% as Jobs Numbers Disappoint
by Mark Vickery
Only 235K new jobs last month was well off the expected 720K, and way off the 1.053 million for July.
Jobless Claims Hit Fresh Post-Covid Low: 340K
by Mark Vickery
Initial Jobless Claims reached a new post-Covid low this morning at 340K, down from the 345K estimated and the slight upward revision to the previous week.
ADP Disappoints Again: 374K
by Mark Vickery
The attitude of the market regarding the weak ADP report seems to be: we have good news to look forward to in the future.
Markets Look to Keep Levels Aloft
by Mark Vickery
Indexes are climbing slowly ahead of the first trading day of this final week before Labor Day.
Personal Income Up Big, Spending Down Last Month
by Mark Vickery
Personal Income for July was +1.1% -- more than three times higher than the +0.3% expected by analysts.
ETFs to Gain on Renewed Market Optimism
by Sweta Jaiswal, FRM
The Wall Street rally is expected to continue on optimism surrounding the vaccine full FDA approval and chances of peaking delta variant cases, which point to recovery from the pandemic-induced slump.
Jobless Claims, Q2 GDP Revision to Inform Jackson Hole?
by Mark Vickery
Have we at last seen enough data on both inflation and employment to expect a tipping point of sorts at the Jackson Hole Symposium tomorrow?
Durable Goods -0.1% Beat Expectations; DKS Stomps Again
by Mark Vickery
Durable Goods Orders for July turned out to be stronger than expected: -0.1% versus -0.5% analysts were anticipating.
"Dog Days" of August Settle into the Market
by Mark Vickery
Though the Dow only dipped -0.19% on the day, it marks the third-straight down day and -700+ points since Monday's close.
New Closing Highs for Dow, S&P Despite China, Kabul Challenges
by Mark Vickery
Down 284 points at session lows, the blue-chip index turned around to close +109 points on the day.