ADP says 135,000 private-sector jobs created in September as U.S. hiring continues to slow

The numbers: The nation’s businesses added a modest 135,000 private-sector jobs in September, ADP said, in another sign that hiring is slowing along with the broader U.S. economy. Economists polled by Econoday had forecast a gain of 152,000. ADP also reduced its estimate of new jobs created in August to 157,000 from an original 195,000. The mediocre increase in hiring […]

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How stock market investors are preparing for the Trump impeachment battle

It’s the natural instinct of seasoned investors to ignore politics, as the vast majority of Washington grandstanding is just that — talk that will do little to change the fundamentals of corporate profits and stock valuations. But such impulses could be less prudent in a year when the stock market has been driven almost entirely by monetary policy and the […]

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Dow ends sightly higher as bank stocks take an unusual bounce higher after Fed cuts interest rates

U.S. stock indexes on Wednesday finished mostly higher–even if only slightly so–after the Federal Reserve cut benchmark rates, as expected. The Dow Jones Industrial Average DJIA, +0.13% closed up 36 points, or 0.1%, to 27,147, but had been down by as many as 211.65 points at session lows. Meanwhile, the S&P 500 index SPX, +0.03% added about a point, or […]

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Dow and broader market stage early morning jump on Sino-American trade reports

U.S. stocks jumped early Thursday, driving the three main benchmarks to session highs amid hope of a near-term resolution between Beijing and Washington. The Dow Jones Industrial Average DJIA, +0.43% gained 116 points, or 0.4%, to 27,256, the S&P 500 index SPX, +0.48% advanced 0.5% at 3,016, while the Nasdaq Composite Index COMP, +0.71% traded 0.8% higher at 8,232. Gains […]

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This economy is just like the one Trump ran against in 2016 — except one thing

We don’t yet know how Democrats will run against President Donald Trump’s economic record. But we know exactly, after Friday’s jobs report, how Donald Trump would run against it. That’s the cleanest political-economic takeaway from the news that the economy added just 130,000 jobs in August, about 40,000 short of expectations and undermined further by weak details in the report. […]

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Stock dividends offer more yield than 30-year Treasury bond for first time since 2009

Here’s another consequence of the rally in government bonds that’s sent yields crashing around the globe — U.S. stocks now offer more yield than the 30-year U.S. Treasury bond. As the chart below, going back to 1977, from Bespoke Investment Group highlights, the Tuesday move marked the first time since the financial crisis that the dividend yield on S&P 500 […]

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Here’s what stock markets did after crises similar to Hong Kong’s

As reports of Chinese troops massing near the border with Hong Kong escalate and Chinese state media become increasingly strident in their criticism of protests that have rocked the city for weeks, the Chinese government appears to be threatening a major police action or even an outright invasion of the former British colony. Such an action, like the People’s Liberation […]

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Barings takes contrarian view and says time is right to invest in U.S. corporate loans

The boom in loans to U.S. companies already awash in debt has become a source of angst for regulators and the market. But Barings, an investment arm of Massachusetts Mutual Life, said on Friday that now actually might be the right time for to buy loans to debt-laden American companies, even as other investors head for the exits. “Interest rate […]

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Fundstrat’s Tom Lee literally pleads with investors to not ignore 5 bullish signs forming in the stock market

U.S. stocks are headed higher in the next six months, says Thomas Lee. Lee, head of Fundstrat Global Advisors, doesn’t feel he can overstate that point, noting in a research report dated Friday that investors “ignore at your peril” bullish signs crystallizing in markets despite jitters about international trade conflicts between China and the U.S. that rocked the Dow Jones […]

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