Daily Data Flow
Daily Data Flow: Beware of Jobs Data, Welch Warns; Lehman Brothers May Pay Just 21 Cents on the Dollar; WiFi Provider Ruckus Wireless Plans IPO
Former GE CEO Welch Says White House Manipulates Jobs Data (Bloomberg) Jack Welch, writing on his Twitter account, said the Obama administration manipulated U.S. employment data for political gain by showing a drop in the jobless rate. “Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers,” the former General Electric Co. (GE) […]
Daily Data Flow: U.S. Stocks Lifted by Forecasts for Jobs and Service Sector; Hewlett-Packard Shareholders Suffer Paper Losses; Pimco’s Bill Gross Calls United States Debt Addict
U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a third day, as better-than-forecast growth in American employment and service industries offset concern about China’s economy. U.S. equities rose after ADP Employer Services said companies added 162,000 jobs last month, topping the median forecast of 38 economists surveyed by Bloomberg for a 140,000 advance. Service industries in the United States expanded more than forecast in September.
Daily Data Flow: S&P 500 Falls as Spain Seeks Bailout Funding; Retail Stocks Could be Helped by Holiday Sales; Mixed Results for Auto Industry Investors
S&P 500 Falls After Spain Says Bailout Not Imminent (Bloomberg) U.S. stocks fell as Spanish Prime Minister Mariano Rajoy said a request for rescue funds is not imminent, defying market speculation that the nation was preparing to request a bailout. Treasuries rose and the euro trimmed gains. “This continues to show the fact markets remain much […]
Daily Data Flow: Stocks Beat Commodities and Bonds in September; Fed Chairman Bernanke Tries to Explain Purpose of QE3; Hedge Funds’ Returns Fall; “Fiscal Cliff” Worries Mount
Stocks Beat Bonds, Commodities With Longest Rally Since 2007 (Bloomberg) Emerging markets led global stocks to the fourth monthly gain in September, the longest streak since 2007, handing equity investors better returns than bonds, commodities and the dollar. The MSCI All-Country World Index of equities rose 3.2% last month — including dividends, bringing its 2012 gain […]
Daily Data Flow: Wall Street Posts Stock Third Quarter; Watch out Taxpayers! Postal Service Prepares to Default
Wall Street posts best third quarter since 2010 (Reuters) Wall Street closed its best third quarter since 2010, added by central banks sparking a rebound in equity markets. However, signs of weakness in the economy drove stocks lower on Friday. The S&P 500 climbed 5.9% in the past three months, as central banks tried to […]
Daily Data Flow: S&P 500 Incurs Longest Sustained Drop Since July; World Stocks Expected to Rise by Year-end; Greece Looks Like Better Investment than China
S&P 500 Has Longest Drop Since July Amid Europe Concern (Bloomberg) U.S. stocks fell for a fifth day, sending the Standard & Poor’s 500 Index to its longest retreat since July, amid growing concern that Europe’s debt crisis is worsening. Stimulus continues to be added and yet there is no meaningful improvement in the global […]