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This Stock-Market Rally Isn't What It Seems -- Heard on the Street
To anybody listening to Wall Street analysts, it might sound like all the market volatility of the past couple of months has had to do with small changes in the economy and the Federal Reserve's potential response.
Fed Depends on Troubled Data. That's a Problem
The Bureau of Labor Statistics has revised payrolls downward by 124,000 jobs so far this year. The revisions reduced January's initially reported gain of 353,000 -- a shockingly outsize number -- and brought the average monthly pace of job growth down to a more reasonable 256,000 level through April.
Dow 40,000 Is So Close, You Can Feel It. Here's Why You Should Fear It
At first blush, the stock market looks like it's marching higher at a steady and predictable rate. The S&P 500 index is up 9% this year after notching its third straight weekly gain. But there's a lot going on under the surface. A new set of stocks has been leading the charge, benefiting from higher expectations that lower interest rates are ahead.
Stocks Lift Off, but Earnings Could Bring Them Back to Earth
Things on Wall Street and Main Street seem to be moving in opposite directions. The S&P 500 index has returned to within 1% of its record high, while the University of Michigan's latest reading of consumers' attitudes about the economy took a tumble to a six-month low. So, in this tale of two tallies, is it the best or worst of times?
Market Closes Mixed After Consumer Sentiment Fell In May | Market Story
Shortly after 10 AM EST, the $S&P 500 Index(.SPX.US)$ climbed 0.24%, the $Dow Jones Industrial Average(.DJI.US)$ climbed 0.37%, and the $Nasdaq Composite Index(.IXIC.US)$ climbed 0.13%.Friday, May Pre
Dow Jones Industrial Average Finds Thin Gains Despite Declining Consumer Sentiment
Dow Jones climbs 0.32% as investors grapple with pullback in consumer confidence.
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