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Wall Street to Your Street
February market recap: Corporate earnings driving stock growth
March 2, 2017 | Gene Walden, Senior Finance Editor
The stock market continued to move up in February, bolstered by strengthening corporate earnings growth and solid consumer spending trends. As it did in January, the S&P 500® set a new high in February, finishing the month with a 3.72% gain at 2,363.64.
Job growth picks up in January
February 3, 2017 | Russ Swansen, Chief Investment Officer
After several subpar months of job growth, U.S. employers added 227,000 nonfarm payroll jobs in January, according to the U.S. Department of Labor, Bureau of Labor Statistics Employment Situation report issued Feb. 3. That marked the 76th consecutive month of job growth.
January market recap: 2017 off to strong start as Dow breaks 20,000
February 2, 2017 | Gene Walden, Senior Finance Editor
The New Year started strong, as the Dow Jones industrial average broke through 20,000 for the first time before dipping back under 20,000 at month's end. The S&P 500® also set a new high in January before retreating during the final two days of the month. The index still finished January with a 1.79% gain. While the effects of the economic policies of the new administration in Washington are yet to be determined, Wall Street's enthusiasm over some of the pro-business proposals have helped propel stock prices.
Employment grows for 75th straight month
January 9, 2017 | Russ Swansen, Chief Investment Officer
U.S. employers added 156,000 new nonfarm jobs in December, according to the U.S. Department of Labor, Bureau of Labor Statistics Employment Situation report issued Jan. 6.
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