Daily Data Flow: S&P, Nasdaq Rise; Jobs Picture Brightens for Baby Boomers; U.S. Posts Largest Budget Surplus in Five Years

Daily Data Flow

S&P, Nasdaq Rise (Reuters)
The S&P 500 and Nasdaq rose modestly earlier today following Thursday’s losses, as the indexes kept on track for a third straight week of gains. “Today it’s trying to get some stability from yesterday,” said Alan Lancz, president of Alan B. Lancz & Associates Inc., an investment advisory firm in Toledo, Ohio.

Jobs Picture Brightens for Baby Boomers (CNBC)
Baby Boomers and older Americans appear to be profiting the most from the economy, according to the latest monthly jobs report. The employment picture for full-time workers who are 55 years or older has climbed to 21 percent this year, up from 17 percent in early 2008. Boomers are holding onto their jobs longer, too. New York financial advisor Judith Rosenthal advises Baby Boomers to not stop working even in retirement: “For more flexibility, consider starting your own business or consulting firm.” Rosenthal says, “Start small, but think big.”

U.S. Posts Largest Budget Surplus in Five Years (Bloomberg)
The U.S. posted its largest budget surplus in five years in April, due in large part to stronger individual and corporate income-tax receipts. The surplus from last month’s tax payments increased to $112.9 billion, the biggest since April 2008. The recently strengthened economy is helping to decrease the fiscal deficit, which is over $1 trillion, by employers adding 1.4 million workers. “This receipts surge has bought the Treasury a lot of time to stay under the debt limit,” Mike Englund, chief economist at Action Economics LLC in Boulder, Colorado, said. “Without the pressure of the debt limit, players in Washington have little incentive to come to a debt deal.”

Exclusive  A 9% Yielder That Profits From the U.S. Agricultural Drought

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

You would think that during the past 237 years, those who run the U.S. government would have learned the simple principle that for every action, there is a reaction.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE