Jobs Report Signals an Improving Economy

Weekly Wrap Up

Cyber Monday started off the week delivering a record number of sales as more retailers develop specific mobile sites, giving customers additional platforms to purchase from. The stocks have been primarily down this past week but the Dow, Nasdaq, and S&P 500 all finished in the green on Friday after the jobs report was released. The report highlight that the unemployment rate dropped from 7.3% to 7%, the lowest rate in over 5 years. Also, 203,000 new jobs were added in November. With the jobs report delivering better-than-expected numbers the tapering talk continues, but hesitation continues on whether to taper spending in December.
On Thursday fast food workers across the U.S. were on strike in hopes of raising the minimum wage. Some unions even paid fast food workers so that they would skip work and protest. The U.S. economy grew at a rate of 3.6% during the third quarter.

Microsoft (MSFT) has its sights set on beating Apple (AAPL) in the smartphone market with its acquisition of Nokia (NOK). Microsoft is finally able to acquire Nokia after the European Union's approval. The merger between US Airways (LCC) and American Airlines (AAMRQ) is set to close on Monday, but it is going to take some time to create a singular airline out of these two companies. Budget cuts are going to continue to have an impact of the Department of Defense after it was announced this week that the Pentagon is going to have to cut hundreds maybe even thousands of jobs in 2014, in addition to the reduction of government contracts in the private sector.

Economic News

Fed's Even Says Open-Minded on December Taper, but Prefers Waiting
A top Federal Reserve official said on Friday he was open to reducing the U.S. central bank's bond buying stimulus program this month, although he would like to see a stronger labor market first. (Source: Yahoo News) Click here to read the full article

Jobs Data Lifts Wall Street After String of Losses
U.S. stocks rose on Friday after a stronger-than-expected payrolls report gave traders confidence that the economy could be healthy enough to withstand a scaling back of the Federal Reserve's stimulus. (Source: Yahoo News) Click here to read the full article

Business News

Five Stocks to Watch in December
The U.S. stock market rally continued unabated in November, with new all time highs in both the S&P 500 and the Dow Jones Industrial Average. (Source: InvestorGuide) Click here to read the full article

Shares of Ford Motor Company (F) closed down .50 a share on Tuesday, or -2.93%, at $16.56. This despite a reported 7% increase in vehicle sales in November. (Source: InvestorGuide) Click here to read the full article

Shares of Goldman Sachs Group Inc. (GS) closed down -3.14 or -1.86 percent to $165.56 per share on Thursday, after several news items involving a lawsuit from a Singapore investor and disciplinary action in South Korea. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Shares of Microsoft Corporation (MSFT) closed up +0.63 or +1.64 percent to $38.94 per share on Wednesday in active trading after the stock hit a 13 year high of $38.98. (Source: InvestorGuide) Click here to read the full article

Apple Paid its Lawyers Over $60 Million to Beat Samsung
The damages retrial for last year's Apple vs. Samsung legal battle recently wrapped, and new court documents reveal how much Cupertino paid its legal team to get its wins: over $60 million. (Source: Yahoo News) Click here to read the full article

Your Money

5 Money Myths You Shouldn't Fall For
Conventional wisdom is often a good thing, or at least harmless. But there are plenty of times when conventional wisdom isn't just wrong - it can cost you money. (Source: Yahoo News) Click here to read the full article

Eight Investment Tips for 2014
Forbes editors and reporters compiled financial insights and wisdom from legendary investors to help kick start your fiscal new year. (Source: Forbes) Click here to read the full article

Published on Dec 6, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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