Jobs Data Pushes S&P 500 Record Higher

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Jobs Data Pushes S&P 500 Record Higher (Bloomberg)

The S&P 500 rose for a fourth straight session today, extending its record high, thanks in part to data showing that companies added to payrolls last month. “The positive tone from yesterday is most likely to continue into the jobs report, absent some big macro piece of data that comes out between now and then,” Michael James, a Los Angeles-based managing director of equity trading at Wedbush Securities Inc., said. “Longer-term investors are still of the opinion that the U.S. equity market remains one of the best places to be invested for this year.”

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The first quarter of 2014 is history, and now it’s time to do a little review of the various sector exchange-traded funds (ETFs) to show how the market performed during the past three volatile months. The first thing to note when looking at the performance table below of representative sector ETFs is that there was little actual movement in the major domestic equities such as the S&P 500, the Dow and the NASDAQ 100 in Q1. Despite a down January and an upbeat February, the markets are ju

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