Archive for stock market – Page 2

U.S. jobless claims fall to 346K; consumer income, spending up; pending home sales jump to highest since Dec. '06


obama worst socialist ever

Fox Biz continues to send me email alerts that I feel compelled to share with you... because they prove that President Obama is the worst. Socialist. Ever:

U.S. weekly jobless claims fell to 346,000 from an upwardly revised 355,00 the week prior. Claims were expected to fall to 345,000 from an initially reported 354,000.

Consumer spending rose 0.3% in May from April, matching economists’ estimates. Personal income climbed 0.5%, more than the 0.2% Wall Street expected.

The National Association of Realtors reports signed contracts to buy previously owned homes jumped 6.7% in May, far higher than the 1% increase expected. The increase brought pending home sales to the highest since December of 2006. The gauge was up 12.1% from the same month in the year prior.

Traders are bidding equities sharply higher for the third day in a row as caution over the Federal Reserve’s exit from its bond-buying program ebbs. The Dow is up 100 points, or 0.67%, while the broader S&P 500 is up 0.61%.



Need a little good news? Consumer confidence jumps in June, new home sales at highest level since July ’08


blame obama

Today's news cycle is driving me to drink. Well, more than usual, anyway. So it's time for a little upbeat news via, of all places, Fox Biz and a flurry of emails from them to my inbox:

The Conference Board reports consumer confidence rose to 81.4 in June from 74.3 in May – beating estimates of 75.4.

The Commerce Department reports sales of new, single-family homes rose 2.1% in May from April to an annual rate of 476,000 units. Wall Street expected sales to come in at an annual rate of 462,000 units. The reading was the highest since July 2008.

Home prices in 20 major U.S. metropolitan areas climbed 2.5% in April from March, on a non-seasonally adjusted basis, topping expectations of a 1.1% gain. Prices were up 12.1% from the year prior, beating forecasts of a 10.6% jump.

The markets are jumping as traders cheer a round of strong U.S. economic data and commentary suggesting global central banks will continue easing for a long time to come. The Dow is up 107 points, or 0.73%, while the broader S&P 500 is up nearly 1%. Every major sector is in the green, led by cyclical stocks.

The Commerce Department reports orders for long-lasting goods jumped 3.6% in May from April, topping expectations of a 3% gain. Excluding the transportation segment, orders rose 0.7% compared to expectations it would hold steady.

blame obama Bush's fault

There. That should hold us for... about five minutes or until the next abysmal Supreme Court decision.


PhotOH! Conservative group: Impeach Obama for "wrecking the stock market"? Dow hits record high


easy as pie

It's way too easy to show how disconnected from reality some conservatives are. Just read The Political Carnival every day and you'll see what I mean. But today... well, today it's so easy that it can be done with two images.

look how easy it is

I even did the addition for those at Capitol Hill Daily who are arithmetically challenged.

Think Progress has the story. Here's the minimalist/visual version:

obama wrecked stock market

"You see, Obama just allowed 13 new tax increases to further slow the economy, wreck the stock market and make it even harder on the 12 million Americans already looking for work.

The bigger question is this…

Is Obama’s Latest Tax Screw Up Grounds For Impeachment?"

dow record 15000

The Dow has gone up over 7,000 points since President Obama took office.

'Nuff said.


Cartoons of the Day- Stock Market Hits All Time High