U.S. stocks closed higher on February jobs report

U.S. stocks closed higher on Friday, as the S&P 500 reached a record high after a better than expected February jobs report and January’s figure was revised higher. The U.S. private sector added 162,000 jobs last month, far above expectations for a 154,000 rise. January’s figure was revised up to 145,000 from 142,000. Andrew Wilkinson, chief market analyst at Interactive Brokers LLC in Greenwich, Connecticut, said: “It seems that the decent February employment report, although a step in the right direction, has resolved little”. Also today, data indicated that the U.S. trade...

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U.S. stocks traded high on jobless data

U.S. stocks traded high on Thursday, and the S&P 500 closed at another record on better-than-expected weekly U.S. jobless claims data and as the European Central Bank keeps rates unchanged. The U.S. Department of Labor reported today that the number of individuals filing for initial jobless benefits last week dropped by 26,000 to 323,000 from the previous week’s revised total of 349,000. A second report indicated that U.S. factory orders dropped 0.7% in February, in comparison to forecasts of a 0.4% decrease. The Dow Jones industrial average rose 61.71 points or 0.38%, to close at...

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U.S. stocks closed high as Ukraine-Russia concerns ease

U.S. stocks closed high on Tuesday, and the S&P closed closing at a record high as concerns over the conflict between Russia and Ukraine eased. The Dow Jones industrial average soared 227.85 points or 1.41%, and closed at 16,395.88. The S&P 500 added 28.18 points or 1.53%, and closed at 1,873.91. The NASDAQ Composite Index added 74.671 points or 1.75%, and closed at 4,351.972. The S&P 500 has closed at a record high for the second time since Friday. The Wilshire 5000 Index closed above 20,000 for the first time. The index has increased 193.55% or $15.9 trillion from its low on...

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U.S. stocks drop on Ukraine-Russia crisis

U.S. stocks dropped on Monday as worries over the situation in Ukraine and Russia escalated after Russian President Vladimir Putin declared his intentions to invade Ukraine. The S&P 500 was expected to drop on gains locking after it had closed at a record high on Friday, due to the political uncertainty. The Market Vectors Russia ETF dropped as much as 9% to a four and a half year low of $22.16. The Commerce Department reported earlier that personal spending increased by 0.4% in January, higher than forecasts for an increase of 0.1%, which supported U.S. stocks. The Dow Jones industrial...

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S&P 500 closes at record high below today’s high on Ukraine concerns

The S&P 500 closed at another record close on Friday but below the day’s highs as worries about tensions in Ukraine resulted in investors locking in gains ahead of the weekend. The Dow Jones industrial average rose 49.06 points or 0.3%, to 16,321.71. The S&P 500 added 5.16 points or 0.28%, to 1,859.45, a record close. The S&P 500 hit an intraday record of 1,867.92. The NASDAQ Composite Index dropped 10.814 points or 0.25%, to 4,308.119. Chris Bouffard, chief investment officer at The Mutual Fund Store said: “We are clearly in a bull market and this market is not as...

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U.S. stocks increase on Yellen weather comments

The S&P 500 closed at a record on Thursday after Federal Reserve Chair Janet Yellen said harsh weather seems to be to behind disappointing U.S. economic indicators this year. Also on Thursday, the Commerce Department reported that U.S. durable goods orders decreased by a seasonally adjusted 1% last month, less than expectations for a 1.5% drop. The Dow Jones industrial average rose 74.24 points or 0.46%, and closed at 16,272.65. The S&P 500 added 9.13 points or 0.49%, and closed at 1,854.29, above its previous record closing high set on January 15th. The NASDAQ Composite Index added...

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