March 8, 2016
March 7, 2016 ~ Weekly Update

March 7, 2016 ~ Weekly Update

March 7, 2016 ~ Weekly Update Markets closed out a third week of gains, putting the Dow at a two-month high and erasing much of the year’s losses. Higher oil prices and an upbeat February jobs report contributed to the rally.[1] For the week, the S&P 500 increased 2.67%, the Dow added 2.20%, and the NASDAQ grew 2.76%.[2]   Investors cheered at a reasonably solid jobs report. The February Employment Situation report showed that the economy gained 242,000 new jobs last month. That’s the 65th straight month of job increases, and the trend shows that the labor market continues to improve.[3] The headline unemployment rate remained unchanged at 4.9%; however, the labor force participation rate rose slightly to 62.9% as a greater percentage of Americans joined the labor market by working or actively looking for jobs. A declining participation rate had worried economists, and an uptick could indicate that discouraged workers are returning to the search.[4] Source: BLS The report showed that the biggest job gains were in healthcare, retail, and hospitality. The construction industry also added thousands of new jobs, which is a sign that builders expect economic demand to pick up in the coming months. Unsurprisingly, the mining […]
February 16, 2016
My Emotions and Investing

My Emotions and Investing – Financially Simple

Do your emotions yield positive results in the investing world? More than likely not...