Jobs Report Shows 171,000 New Jobs, Rate Slightly Higher at 7.9%

Wall StreetThe stock market is set to open higher today on news that 171,000 jobs were added in October. The unemployment rate did rise slightly to 7.9% though. This increase in the unemployment rate can be attributed to more people coming back into the jobs market looking for jobs. Economists were only expecting about 125,000 new jobs after September’s 114,000 figure.

The services sector made up much of the jobs figure, accounting for 150,000. Government employment rolls saw a 13,000 decrease. according to the Labor Department. The improving economic reports across the board have investors and analysts optimistic about the upcoming holiday season, which usually sees a huge increase in seasonal hiring. [Continue reading]

Positive Economic Reports Send Market Higher This Morning

A better than expected durable goods report and good jobless claims data helped send stocks higher in early trading. Durable goods orders jumped nearly 10% in December, according to the Commerce Department, above the 7.1% rise most economists were … [Continue reading]

Stocks Rally on New Home Sales Report, Stocks to Watch: SEH, FB, LL, RFMD, PLCM, MNST

Stocks are up this morning thanks to a better than expected home sales report and a few positive earnings reports. New home sales jumped 5.7% in September to a seasonally adjusted rate of 389,000. Economists were expecting a rate of 385,000 … [Continue reading]

Stocks Down Big on Multiple Earnings Reports

The stock market is taking it on the chin today after multiple earnings disappointed investors. DuPont saw one of the biggest drop today after reporting their earnings. DuPont saw its profit fall short of estimates and announced they will be cutting … [Continue reading]

Nasdaq Stocks Heading Lower This Morning: ZN, AVID, AMRS, FDML, SVNT, ALXN

Zion Oil & Gas, Inc. (NASDAQ:ZN) is down 13% this morning at $1.94. ZN has traded 308 thousand shares so far today, well above its daily average of 103 thousand shares. ZN shares are down today after Zion announced it reduced the exercise price of … [Continue reading]

Stocks Flat as Earnings Season Continues, Stocks to Watch: SVU, PGRX, BTU, GURE, VOLC, ACI

Stocks are trading mostly flat this morning as investors digest more earnings. Caterpillar reported earnings that beat expectations, although revenue fell short. The construction equipment maker also cut its full year guidance. Caterpillar was … [Continue reading]

6 NYSE Stocks Following Market Lower: MIG, VOC, AMD, CMG, NAV, MTG

Meadowbrook Insurance Group Inc. (NYSE:MIG) is down 20.41% today at $6.20. MIG has traded 800 thousand shares so far today, 4 times its daily average. MIG shares are tumbling today after announcing expected third quarter results. The company expects … [Continue reading]

Microsoft Sees Price Target Cut by Barclays

Ahead of the Windows 8 launch, Barclays Capital cut its price target to $34 from $36. Barclays did maintain its equal weight rating on the stock though. Other analysts are keeping their rating the same for right now as they wait and see how the … [Continue reading]

Earnings and Existing Home Sales Send Market Lower, Hot Stocks: RVBD, FWRD, MAN, RHI, SNDK, JRCC

Multiple disappointing earnings reports send stocks down in early trading with McDonald’s and General Electric trading lower on poor earnings. McDonald’s missed on earnings, but did beat on revenue while General Electric reported earnings that … [Continue reading]

Stocks Fall on Jobless Claims, Stocks to Watch: CYBI, OEH, BWEN, ETH, WCC, AEGR

All three major stock averages are down this morning after weekly jobless claims jumped 46,000 to a seasonally adjusted 388,000. Last week those numbers fell dramatically, but were distorted because one large state did not post its claims … [Continue reading]

Stocks Trading Flat This Morning, Stock Gainers: CYMI, SIFY, DF, CNC, URI, HOV

Stocks are trading mostly flat right now after starting the day lower. A better than expected housing starts report pushed stocks higher this morning, but big tech stocks, Intel and IBM, are weighing the market down. Housing starts jumped 15% in … [Continue reading]

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