Hiring Rebounds as 248,000 Jobs Were Added in September

Weekly Wrap Up


September's bad rep for stocks lived on this year as this year as the S&P 500 and Nasdaq fell 1.5% and 1.9%, respectively. And October started off rough as the Dow Jones fell 238 points on October 1st. September's job report was released yesterday and reported much better than expected figures. The U.S. added 248,000 jobs last month, far above the estimate of 215,000. The unemployment rate also fell below 6% for the first time since 2008, to 5.9%.

This week eBay (EBAY) announced that they would be spinning off PayPal into a separate company beginning in early 2015.
This comes much to the delight of Carl Icahn who has been pushing for this spin-off since February. Pharmaceutical stocks were overall up this week as the first domestic case of Ebola was reported in the United States. Tekmira Pharmaceuticals (TKMR) led the way with a 24% jump on Wednesday.

Economic News


The Jobs Report: A Strong Jobs Report, Charted
The September numbers are in, the last to be reported before midterm elections, and they show a job market that is recovering steadily but surely. (Source: New York Times) Click here to read the full article

First Take: Time to Think About the Fed
The strong September jobs report means that investors should be looking for the Federal Reserve to start nudging interest rates higher by mid-2015 — which could warrant caution in both stocks and bonds in the short term. (Source: USA Today) Click here to read the full article

Business News


Five Stocks to Watch in October
The U.S. stock market saw its worst performance since January last month. September is typically a difficult month for the stock market, with the S&P 500 dropping -1.5 percent, while the tech heavy Nasdaq composite index declined -1.9 percent. (Source: InvestorGuide) Click here to read the full article

(TA)
Shares of Westlake, Ohio-based TravelCenters of America LLC (TA) fell on Tuesday, on a marginally down day on Wall Street. (Source: InvestorGuide) Click here to read the full article

Apple Planning Oct. 16 iPad Event
Apple will unveil updated iPads, iMacs and OS X at an Oct. 16 event, according to Re/code. (Source: CNN) Click here to read the full article

Technology Focus


(TSLA)
Shares of Tesla Motors Inc. (TSLA) were trading up +8.59 or +3.58 percent to $248.83 per share in premarket trading on Thursday. (Source: InvestorGuide) Click here to read the full article

(MU)
Shares of Micron Technology Inc. (MU) were up +2.13 or +6.72 percent to $33.83 on Friday as the U.S. major market indexes gained almost one percent on the day. (Source: InvestorGuide) Click here to read the full article

Your Money


4 Ways to Trick Your Brain and Build Your Wealth 
Sadly, our brains aren’t wired to make us rich. Thanks to evolutionary quirks in how we view the world and make decisions, behavioral economists tell us we often do exactly the wrong thing when it comes to money and accruing long-term wealth. (Source: Yahoo Finance) Click here to read the full article

Should You Invest or Pay Off Debt? 
It's a common dilemma: You have to pay off debt, but you also want to make headway with your investing goals. (Source: Yahoo Finance) Click here to read the full article

Published on Oct 3, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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