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Stocks Push Further Into Record Territory on Better-Than-Expected Jobs Report

By: , dated December 5th, 2014

Weekly Wrap Up

Hiring was the theme of November as employers blew past the most optimistic expectations and added 321,000 jobs. The unemployment rate also remained unchanged at 5.8% as 70% of U.S. industries added jobs last month. The much better-than-expected jobs report sent stocks soaring into record territory. The Dow Jones even finished the week just shy of 18,000.

Information regarding the massive Sony (SNE) hack continued to be released this week as hackers have now exposed nearly 48,000 Social Security numbers, including the Social Security numbers many celebrities. But Social Security numbers weren’t all that was leaked, reports have stated that the hackers have enough information to open bank accounts, credit cards, and even claim tax refunds in the names of 15,231 Sony employees and contractors.

Economic News

Jobs Report: U.S. Economy Added 321,000 Jobs in November, Unemployment Steady At 5.8%
Friday morning The Bureau of Labor Statistics reported the strongest payroll additions in four years. (Source: Forbes) Click here to read the full article

3 Reasons You Shouldn’t Get Too Excited About The Jobs Report
Today’s jobs report was great, but the U.S. labor market still has a long way to go before it’s back to pre-recession health. (Source: Huffington Post) Click here to read the full article

Business News

Five Stocks to Watch in December 
The U.S. stock market continued gaining in November, making new all-time highs again last month. (Source: InvestorGuide) Click here to read the full article

Best Buy (BBY) to Sell its Five Star China Business
Shares of Best Buy Co. Inc. (BBY), were trading up +0.65 or +1.80 percent to $36.69 per share in Thursday’s premarket, after the company announced early this morning that it would be selling its Five Star business in China for an undisclosed amount. (Source: InvestorGuide) Click here to read the full article

The Gap (GPS) Same Store Sales Rise Six Percent
Shares of The Gap Inc. (GPS) were trading up +1.44 or +3.55 percent to $42.00 per share in this morning’s premarket, after the company announced that November same store sales had risen six percent compared to a year earlier. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Microsoft: Windows 10 on Track for Latter Half of 2015
The company’s chief operating officer elaborates on plans announced in September, saying a “developer preview” will come out the middle of next year. (Source: Yahoo News) Click here to read the full article

Google Fiber’s Broadband Dreams Aren’t Making Cable TV Any Better
Would you uproot your life for an internet connection? Google says people are doing exactly that; they’re picking up and moving to Kansas City or Provo to gain access to Google Fiber, the company’s ultra-fast gigabit broadband and TV service. (Source: Yahoo News) Click here to read the full article

Your Money

10 Money Experts Reveal How to Be Financially Successful in 2015
December marks that time of year when we reflect on the past 12 months and what we can do differently in the new year to be more successful. (Source: Yahoo Finance) Click here to read the full article

5 Unexpected Money Pits
Money pits are like the Hollywood quicksand characters run into in the movies. You usually don’t know you’ve stumbled upon one until you’re sinking, fast. (Source: Yahoo Finance) Click here to read the full article

This article was brought to you by the InvestorGuide Staff Writers and Editors.

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