DOW Posts Best Day of Year.

download (1)U.S. stocks surged on Thursday, with the Dow Jones Industrial Average marking its best session this year, as Wall Street embraced a drop in applications for jobless benefits as indicative of an improving U.S. labor market and economy, a day ahead of the monthly jobs report. “It’s the absence of bad news,” Kate Warne, investment strategist at Edward Jones, said of Thursday’s rally. “What we’ve seen over the last week or so is the market looking for direction, and then we had worries about emerging markets and slowing U.S. growth, so the knee-jerk reaction was to sell and ask questions later. Now there are indications that the job number may not be as bad as people were fearing so emotions are calming down,” she added. “If you look at U.S. markets in the last week or two, it’s really not justifiable based on U.S. fundamentals. Claims coming down is part of that story, it suggests again that maybe the economic story is just fine in the U.S.; we’ll find out tomorrow,” said David Kelly, chief market strategist, J.P. Morgan Funds, referring to 2014 declines that have the S&P 500 on track for a fourth weekly loss. More
1094946_10202161526952968_1591362614_n
Advertisements

About END TIME HEADLINES

End Time Headlines is a ministry created to provide resources to equip believers and to inform the discerning of the "Signs and Seasons" in which we are in. Our Mission is to inform our readers and viewers of Prophetic Events and how they are unfolding before our very eyes thru News and Headlines presented from a "Prophetic Prospective" in light of the Holy Bible. We strive to operate in excellence and in Integrity to provide accurate and reliable sources to inform our readers.
This entry was posted in ECONOMIC ALERT and tagged , , . Bookmark the permalink.