Increased Number of Job Openings; S&P 500 Finishes Above 1,800

The Dow Jones finished the day above 16,000 for the second straight day as the S&P 500 finished above 1,800 for the first time ever. A couple of good economic reports were released today. The number of job openings and also the number of people hired increased in the month of September to the highest hiring level since August 2008. This shows that the economy is on the right track as the competition for jobs is decreasing. The bureau of Labor Statistics reported that unemployment rates decreased in 28 states in October. Comcast (CMCSA) wants to purchase Time Warner Cable (TWC) but there may be a few barriers in their way.
There is some concern that this acquisition would create a company that is too large, thus sparking talks by antitrust regulators and the Federal Communications Commission. Also, Charter Communications (CHTR) is looking at purchasing Time Warner Cable, thus starting a bidding war. We shall see who wins in the coming weeks.

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Published on Nov 22, 2013
By InvestorGuide Staff

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