Good MorningInvestors got the strong jobs report they wanted on Friday. But the equity markets did not respond as forcefully as investors may have expected. However, the Dow and the S&P 500 still closed at record highs. But the Nasdaq, which includes many of the biggest tech stocks, closed in the red.
Gold and oil were also down for the day. And the yield on the 10-year Treasury note rose to close higher for the first time in five weeks.
The U.S. Labor Department reported that the economy added a net 943,000 jobs in July. That was nearly 100,000 higher than the initial estimate. Other report highlights included a lowering of the unemployment rate to 5.4% and an upward revision to the initially disappointing June number.
This week will bring further debate as analysts are split on how the Federal Reserve will interpret this strong jobs number.
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Politics | | | Australian special envoy and former Prime Minister Tony Abbott said a free trade agreement between his nation and India would signal the “democratic world’s tilt away from China.”
Abbott visited New Delhi last week as Australia’s special trade envoy for India as the Australian govern... Read the Full Story |
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Markets | | | European stocks opened lower and Asian markets advanced Monday after U.S. hiring improved and China and Australia tightened anti-virus controls that threaten to weigh on an economic recovery.
London and Frankfurt declined in early trading. Shanghai and Hong Kong closed higher. Japanes... Read the Full Story |
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Stocks | | | Adding shares of companies that are disrupting the industry and are nicely poised to outperform over the long term could be a very prudent move, which is why we’ve prepared the following list of 3 high-tech healthcare stocks to buy now. Read the Full Story |
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Markets | | | Worldwide vehicle parts manufacturer Magna International (NYSE: MGA) stock has been selling off as the electric vehicle (EV) momentum has been cooling off. However, Magna is emerging as the go-to manufacturer for some of the most popular EV makers like Fisker (NYSE: FSR). The Company is already a su... Read the Full Story |
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Politics | | | CANBERRA, Australia — The Australian government says Moderna next month will become the third COVID-19 vaccine available in Australia.
Prime Minister Scott Morrison said the Australian vaccine regulator approved the Moderna shot Monday for adults.
The first million dose... Read the Full Story |
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Politics | | | BEIJING — More than 30 Chinese officials have been fired or received other punishments over accusations they failed to respond properly to the latest surge of the coronavirus in the country.
Among those fired were a vice mayor, heads of city districts and health commissions, and staf... Read the Full Story |
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Politics | | | MELBOURNE, Australia — Victoria state in Australia is lifting its pandemic lockdown beginning Tuesday, except in the city of Melbourne.
Australia’s second-most populous state imposed a seven-day lockdown last Thursday due to concerns about the spread of the delta variant of the corona... Read the Full Story |
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Markets | | | Streaming platform and hardware provider Roku (NASDAQ: ROKU) stock got pummeled after its Q2 2021 earnings release despite beating and guiding higher. The biggest concern has been its slowing growth rate, especially when trading at nose bleed multiples. However, the fundamentals still remain strong ... Read the Full Story |
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Markets | | |
Think you might want to invest in cryptocurrency? It should be a part of your portfolio: 1. As long as you can afford to lose the money you invest and 2. You’re going to keep it for a long period of time.
Even though it’s a highly volatile asset, you can build wealth by investin... Read the Full Story |
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Markets | | | Interactive games and entertainment producer Activision Blizzard (NASDAQ: ATVI) stock was recently punished on its Q2 2021 earnings report presenting an opportunity for prudent investors. The Company leadership appears to have their hands full putting out fires dealing with the damaging allegations ... Read the Full Story |
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The Early Bird Stock Of The Day BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil. In addition, the company involved in convenience and retail fuel, EV charging, Castrol lubricant, aviation, B2B, and midstream businesses; refining and oil trading; and bioenergy business. The company was founded in 1908 and is headquartered in London, the United Kingdom. | | View Today's Stock Pick |
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