Only a few days after voters voiced their asperity regarding the U.S. economy, the government announced that employers added 214.000 extra jobs in October. This represents the healthiest pace of hiring in the last eight years. In addition to this, the Labor Department also announced that 31.000 more jobs, than were previously estimated, were added in August and September. These much needed … [Read more...]
S&P 500 Misses 2000 Milestone by 12 Points on Friday
The Standard & Poor's 500 index was extremely close to making history with a 2000 milestone for the past week. During last week, the S&P 500 flirted with the magic number for a while, but it fell short of 12 points at the end of the week. Investors have not lost faith, and they continue to wait with patience for the history-making event next week. According to historians, reaching a … [Read more...]