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Zacks News
Fed Tapering on Investors' Radar
by Mark Vickery
Inflation numbers are affecting the Back-to-School market currently, with clothing prices +77% from a year ago.
Did COVID Remote Working Launch Economy-Wide Productivity Gains?
by John Blank
In December 2020, 41.8% of the American workforce worked remotely. An estimated 26.7% will still be working from home across 2021, and 36.2 million Americans (22% of the workforce) will be working remotely by 2025.
Dow Jones Sets New Record: More Upside Ahead for ETFs?
by Sanghamitra Saha
The Dow Jones is at the new high thanks to the $1 trillion infrastructure bill passing the Senate. What lies ahead?
PPI +1.0% Hotter Than Expected, Jobless Claims In-Line
by Mark Vickery
Contrasting yesterday's CPI headline, PPI has jumped higher than expectations: +1.0% versus +0.6% consensus.
Dow Sets New Closing High on $1T Infrastructure Passage
by Mark Vickery
The Dow Jones set a new all-time trading high at the close, seen as responsive to the $1 trillion infrastructure bill passing the Senate.
Productivity & Labor Costs Mixed, Move Forward
by Mark Vickery
Since Q3 2020, the first quarter that demonstrated we had begun to dig out of the pandemic hit to the U.S. labor market, Productivity is +15.8%.
ETFs to Ride Current Market Rally on Solid Economic Data
by Sweta Jaiswal, FRM
The Wall Street rally is expected to continue on optimism surrounding new economic data releases, which point to recovery from the pandemic-induced slowdown.
Jobless Claims 400K, Q2 GDP 6.5%: Both Worse Than Expected
by Mark Vickery
The first read on Q2 GDP came in at +6.5% -- roughly 200 basis points below consensus expectations.
Tesla Beats in Q2 as Indexes Set New Closing Highs
by Mark Vickery
This marks Tesla's seventh quarter of the past eight outperforming on the bottom line, including Q2 2020's stellar 545% beat.
Jobless Claims Rise Unexpectedly to 419K
by Mark Vickery
This is the highest figure we've seen since the week on May 16th, and the first time in four weeks we've been up over the 400K threshold.