Hints and tips:
...The moves came ahead of a US payrolls report on Friday, with data that provides insight on the direction of the economy at a time of strong inflation....
...Contracts tracking Wall Street’s benchmark S&P 500 rose 0.3 per cent and the tech-heavy Nasdaq 100 was up 0.6 per cent, pointing to a positive opening on Wall Street....
...Rising prices for healthcare and consumer cyclical stocks helped Wall Street’s blue-chip S&P 500 close 0.7 per cent higher....
...“The worst outcome would probably be if control of either chamber of Congress came down to a few tightly fought races and legal challenges dragged on,” said Joshua Shapiro, chief US economist at Maria Fiorini...
...The benchmark S&P 500 index closed 2.5 per cent higher on Friday, taking its weekly gain to 4 per cent. The tech-heavy Nasdaq Composite rallied 2.9 per cent, for a weekly advance of 2.2 per cent....
...Wall Street’s benchmark S&P 500 index rose 1.6 per cent, with tech and consumer stocks leading the way. That helped recoup declines from the first two days of the week....
...more than offset by the beneficial impact of record-low mortgage rates and the positive effect of increased demand for single-family homes from those leaving cities in search of more space,” said Joshua Shapiro...
...The stimulus has been a crucial pillar supporting the rally in many risk assets, propelling the S&P 500 up more than 18 per cent this year....
...“In the ‘will they or won’t they’ debate about a Fed taper announcement next Wednesday, this report certainly supports the pro-taper side of the argument,” said Joshua Shapiro, chief US economist at MFR....
...“Today’s report likely reflects a temporary setback, and we expect the downtrend to remain in place,” said Joshua Shapiro, economist at MFR....
...Finally, do read this Foreign Affairs essay on Britain’s global pretensions — The Delusions of Global Britain by Jeremy Shapiro and Nick Witney....
...The benchmark S&P 500 was up fractionally, a day after it pulled within striking distance of a record high. The tech-heavy Nasdaq Composite advanced 0.4 per cent....
...S&P 500 reaching record territory....
...Joshua Shapiro at MFE says a claims figure running above 1.4m this long after the start of the downturn, along with elevated continuing claims, illustrates “the time it will take to heal a labour market...
...The S&P 500 US equities benchmark index gained 0.4 per cent gain to trade around 3,047....
...One note of caution is that the S&P index of US regional banks has fallen 22 per cent in the past month for a loss of 40 per cent in 2020....
...“[Social] benefits are often more qualitative than quantitative,” said Lori Shapiro, a sustainable finance analyst at the rating agency....
...Joshua Shapiro, chief US economist at MFR, said the pace at which re-employment outpaced job losses and continuing claims receded “will be a barometer of how fast and how completely the economy is recovering...
...After an 11 per cent rise during the second quarter, S&P financials remain a quarter lower on the year....
...“The message is that it will be a brutal spring quarter for the economy,” said Joshua Shapiro, an economist at the consulting firm MFR....
...Here’s the take on the consumer from Joshua Shapiro at MFR, an economic consultancy in New York: “Government support efforts notwithstanding, large increases in unemployment and a lack of clarity about...
...“The pace of that improvement will be the best barometer of how fast and how completely the economy is recovering,” said Joshua Shapiro, chief US economist at MFR....
...Stephen Shapiro will succeed Bob Hoyt, the former general counsel of the US Department of the Treasury and a George W Bush appointee, as the new general counsel at Barclays....
...(FT) Tesla’s streak, Microsoft sales boost Tesla’s shares jumped after it reported a fourth consecutive quarterly net profit on Wednesday, making it eligible for inclusion in the S&P 500 for the first time...
...“This measure continues to indicate that capital goods orders are likely to be weak in coming months,” said Joshua Shapiro, chief US economist at MFR....
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