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By Liz Ann Sonders First, jobs Before I get to the subject at hand, I want to provide a quick update on last Friday's April jobs report from the Bureau of Labor Statistics. Similar to the first quarter gross domestic product ((GDP)) report, the headline strength in the employment repor...
The S&P 500 (Index: SPX ) bounced up to reach a new high closing value of 2,945.83 on Tuesday, April 30, 2019, before dipping back on the next two trading days and finally closing a fraction of a point below that level on Friday, May 3, 2019. The level of the S&P 500 is consiste...
By Joseph V. Amato, President and Chief Investment Officer - Equities The Fed Chair has been stretching semantics on inflation, but his growth outlook mirrors ours. Last week, U.S. Federal Reserve Chair Jerome Powell added a new word to the central bank watcher's lexicon: "transitory."...
Before the last January '18, February '18 plunge in the equity markets, the S&P 500 peaked on January 26, 2018, at 2,872 - 2,873. With Friday night's close at 2,945, the total gain for the S&P 500 (excluding dividends) is 2.5% from that January '18 peak. That is a paltry return for t...
The Q1 earnings numbers have kicked up a lot of dust across sectors and individual companies, which is good news for stock-pickers eager to prove their worth. For markets as a whole, though, I see little change in the underlying narrative relative to what I have been talking about recently ...
This graph, which appears weekly on the first page of I/B/E/S by Refinitv's "This Week's in Earnings," sometimes tells a better story than the written word, so it is posted this week to show readers that the share-weighted earnings (in US dollars) recovery is real, and it shouldn't be too long...
The Federal Reserve chose to leave short-term interest rates in the United States unchanged at the conclusion of its third two-day meeting of 2019 on 1 May 2019, holding its target range for the Federal Funds Rate between 2.25% and 2.50%. In the day since the Fed's announcement and Fed Cha...
By OpenMarkets Today's jobs report reported not only solid job growth, but also subdued inflation, says Jack Bouroudjian. He discusses what this means for the Fed and markets, and how the technicals and fundamentals worked in this week's repricing in equities. Editor's Note: The s...
By Jill Mislinski The Institute of Supply Management ((ISM)) has now released the April Non-Manufacturing Purchasing Managers' Index ((PMI)), also known as the ISM Services PMI. The headline Composite Index is at 55.5 percent, down 0.6 from 56.1 last month. Today's number came in below the...