Strong labor market data coupled with bullish momentum had the Dow Jones Industrial Average rallying once again to fresh highs; for the first time ever, the blue-chip index closed above 14,300. Bolstering today’s third-straight advance was a better-than-expected labor report, which showed that initial jobless claims came in at 340,00 last week, compared to the expected 350,000. In other economic news, the U.S. trade deficit was $44.45 billion, slightly higher than analyst projections. Fourth-quarter productivity fell 1.9%, while unit labor costs rose 4.6% [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Dow Closes Above 14,300 Following today’s better-than-expected labor report, all three major U.S. equity indexes managed to close in positive territory today. The Dow Jones Industrial Average ETF logged in a 0.21% gain, as its underlying index rallied to close at a record high of 14,329.49. The S&P 500 ETF rose 0.18%, while the tech-heavy Nasdaq ETF gained 0.26%. In Europe, equities [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Bounce Back Daily ETF Roundup: Blue-chips Post Another Record Close Daily ETF Roundup: Dow Closes At All-time High Daily ETF Roundup: Stocks Shrugg Off Sequester Daily ETF Roundup: Early Morning Rally Sizzles, Stocks Close In Red
Strong labor market data coupled with bullish momentum had the Dow Jones Industrial Average rallying once again to fresh highs; for the first time ever, the blue-chip index closed above 14,300. Bolstering today’s third-straight advance was a better-than-expected labor report, which showed that initial jobless claims came in at 340,00 last week, compared to the expected 350,000. In other economic news, the U.S. trade deficit was $44.45 billion, slightly higher than analyst projections. Fourth-quarter productivity fell 1.9%, while unit labor costs rose 4.6% [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Dow Closes Above 14,300 Following today’s better-than-expected labor report, all three major U.S. equity indexes managed to close in positive territory today. The Dow Jones Industrial Average ETF logged in a 0.21% gain, as its underlying index rallied to close at a record high of 14,329.49. The S&P 500 ETF rose 0.18%, while the tech-heavy Nasdaq ETF gained 0.26%. In Europe, equities [...]
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