US jobs market
S&P 500 Hits Historic 5,000 Milestone Amid Strong Disney Surge | Daily Market Analysis
Key events: Eurozone - German CPI (MoM) (Jan) Canada - Employment Change (Jan) Canada - Unemployment Rate (Jan) The S&P 500 achieved a record high for the second consecutive Thursday, briefly touching an unprecedented 5,000 level just before closing. The surge in Disney and ARM contributed to this milestone, keeping the bullish trend intact.
The Significance of US Jobs Day and Employment Report
During each election season, politicians worldwide campaign with the pledge of generating well-compensated employment opportunities. This aspect often serves as the paramount criterion for most voters. Parents support such promises because they envision increased job prospects for their children, while young individuals cast their votes in favor of these policies in anticipation of better employment prospects.
US Stock Futures Hold Steady Amid Positive Week and Holiday Closure, Fed Rate Pause Expectations | Daily Market Analysis
Key events:
U.S. Jobs Reports Boost the Market | Daily Market Analysis
Key events: Switzerland – Unemployment Rate s.a. (Dec) Eurozone – Unemployment Rate (Nov) Canada – Building Permits (MoM) (Nov) U.S. jobs data boosted the U.S. stock market Friday. Will it be able to hold on? The U.S. jobs number came in at 223,000. It was the lowest number in a while and the market took it as good news. Nevertheless, it was well above the expected 200,000 and still above pre-crisis levels. In other words, the employment situation remains too favorable for the Fed.
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