The stock market closed higher on Friday despite a disappointing jobs report as Wall Street remained focused on positive vaccine developments and growing hopes for more fiscal stimulus before yearend. The gains lifted all four of the major indexes to fresh all-time highs, along with the Transports, with volatility continuing to hold a key level of support. The Russell 2000 finished on its...
Continue reading >>The stock market closed higher on Friday despite a disappointing jobs report as Wall Street remained focused on positive vaccine developments and growing hopes for more fiscal stimulus before yearend. The gains lifted all four of the major indexes to fresh all-time highs, along with the Transports, with volatility continuing to hold a key level of support.The Russell 2000 finished on its session...
Continue reading >>Its delivery delays are so long, Peloton (NASDAQ:PTON) skipped Black Friday and Cyber Monday.Would-be customers are fed up with months-long waits to get their bikes and are turning to rivals, including the very new MYXfitness. Not even a year into the market, the company is already reporting growth that was expected three years out.Demand for the Greenwich, Conn.-based company's equipment, which...
Continue reading >>Did a surge in coronavirus cases and deaths in recent weeks trigger the first drop in U.S. employment in November since the onset of the pandemic last spring? Some economists think so.A few Wall Street forecasting firms such as Oxford Economics predict an outright decline in jobs, but the majority expect hiring to increase for the seventh month in a row.The November jobs report, due Friday, might...
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