Nasdaq, S&P rise 1% driving day two of stock gains

U.S. stocks rose for the second straight session as traders digested positive economic news and the Food and Drug Administration’s approval of  Pfizer’s COVID-19 pill for use in adults and children ages 12 and older. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 35753.89 +261.19 +0.74%
SP500 S&P 500 4696.56 +47.33 +1.02%
I:COMP NASDAQ COMPOSITE INDEX 15521.89237 +180.81 +1.18%

The Dow Jones Industrial Average rose 261 points or 0.6% building on its 560 point advance on Tuesday while the S&P 500 and Nasdaq Composite rose 1% each. 

Positive economic data included an uptick in the Consumer Confidence Index to the best level since July, a better than expected 3Q GDP report of 2.3%, albeit well below July’s 6.7% jump and home sales that rose 1.9%. 

And the fight

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Stocks notch 3rd day of gains, Apple hits record

Game

U.S. stocks notched the third day of gains as investors continue to monitor the COVID-19 variant and its potential impact on the economy.

The Dow Jones Industrial Average rose over 34 points or 0.1%, while the S&P 500 and Nasdaq Composite were higher by 0.3% and 0.6%, respectively. This after the S&P 500 posted its best day since March on Tuesday. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 35754.75 +35.32 +0.10%
SP500 S&P 500 4701.21 +14.46 +0.31%
I:COMP NASDAQ COMPOSITE INDEX 15786.987996 +100.07 +0.64%

The latest Job Openings and Labor Turnover Survey or JOLTS showed 11.03 million job openings in October, the highest number of openings since July, when businesses were looking to fill 11.1 million positions. It marked an increase from September when there were an

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June employment report to clearly show gains, but companies nonetheless lookup for staff

The U.S. govt will release the most predicted financial report of the month on Friday early morning.

The Labor Department is envisioned to say the U.S. economy extra 700,000 new nonfarm jobs previous month. That would be up from a weaker-than-predicted obtain of 559,000 thousand in Might, mostly reflecting a labor scarcity.

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The unemployment price is expected to slip to 5.7% from 5.8% in May perhaps, which marked the cheapest considering that March 2020 and was the first examining down below 6% considering that then. 

The production sector very likely extra 28,000 work, a slight improvement from May’s achieve of 23,000. Non-public sector payrolls are expected to enhance by 600,000 in June, up from a gain of 492,000 the prior month. 

Lastly, glimpse for

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US equity futures are trading lower ahead of Tuesday’s opening bell following Monday’s gains

U.S. equity futures are trading lower ahead of Tuesday’s opening bell following Monday’s gains led by shares of industrial and financial stocks, which tend to be sensitive to changes in the economic outlook.
 

Stocks in this Article

$33876.97

+586.89 (+1.76%)

$14141.480379

+111.10 (+0.79%)

Federal Reserve Chair Jerome Powell says the economy is growing at a healthy clip, and that has accelerated inflation. In written testimony to be delivered at a congressional oversight hearing Tuesday, Powell reiterated his view that inflation’s recent jump to a 13-year high will prove temporary.

Powell’s remarks follow a meeting of the Fed’s policymaking committee last week, when central bank officials signaled they were prepared to raise rates earlier than they had previously suggested.

POWELL SAYS ECONOMY GROWING RAPIDLY, INFLATION UP ‘NOTABLY’

On Monday, the S&P 500 snapped 1.4% higher, to 4,224.79, recovering nearly three-quarters of its worst weekly loss

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Stock futures glance to conclude the 7 days with gains

U.S. equity futures are investing cautiously larger forward of the last investing day of the week.

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On Thursday, the S&P 500 slipped fewer than .1%, declining for the 3rd straight getting rid of session.

Most of the stocks in the index and across Wall Road ended up decreased, but gains for Apple, Microsoft and a several other tech heavyweights helped offset the losses.

Ticker Protection Last Change Alter %
I:DJI DOW JONES AVERAGES 33823.45 -210.22 -.62%
SP500 S&P 500 4221.86 -1.84 -.04%
I:COMP NASDAQ COMPOSITE INDEX 14161.350236 +121.67 +.87%

The Dow Jones Industrial Common dropped .6% to 33,823.45, while the Nasdaq composite rose .9%, to 14,161.35, lifted by the gains for tech and other large-expansion shares.

Traders have digested the latest message from the U.S. Federal Reserve on

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