Author: The INO.com Team

Poll: U.S. economy adds 171K jobs, but the unemployment rate rises

Posted on by The INO.com Team

Which candidate will add more jobs in the next 4 years?

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U.S. employers added 171,000 jobs in October, and hiring was stronger in August and September than first thought. The solid job growth showed that the economy is strengthening slowly but consistently.

The unemployment rate rose to 7.9 percent from 7.8 percent in September, mainly because more people began looking for work. The government uses a separate survey to calculate the unemployment rate, and it counts people without jobs as unemployed only if they're looking for one.

Friday's report was the last major snapshot of the economy before Tuesday's elections. It's unclear what political effect the report might have. By now, all but a few voters have made up their minds, particularly about the economy, analysts say.

Since July, the economy has created an average of 173,000 jobs a month. That's up from 67,000 a month from April through June. Still, President Barack Obama will face voters with the highest unemployment rate of any incumbent since Franklin Roosevelt.

Please leave a comment below with your thoughts.

Every Success,
Jeremy

U.S. Stocks On a Collision Course with Market History

Posted on by The INO.com Team

The past offers answers about the future; market patterns do repeat themselves

By Elliott Wave International

Next time you look at a clear night sky, keep in mind that what you see is the distant past.

Most stars are so distant that it takes millions of years before the light is visible to us.

Even so, astronomers can learn much about the future of the universe by studying the past.

NASA astronomers announced they can now predict with certainty the next major cosmic event to affect our galaxy, Sun, and solar system: the titanic collision of our Milky Way galaxy with the neighboring Andromeda galaxy.

NASA, May 31, 2012 Continue reading "U.S. Stocks On a Collision Course with Market History" →

November starts off strong

Posted on by The INO.com Team

It's only been a day, but November on Wall Street is already looking a lot better than October.

Strong economic data and corporate news converged Thursday to give U.S. stocks their best day since mid-September. Positive signs about the job market and soaring sales figures pushed stock futures up before the market opened. A half-hour into trading, reports on manufacturing and consumer confidence added another log to the fire.

The Dow Jones industrial average had already risen 100 points when the mid-morning reports came out. The data _ including news that manufacturing grew for the second straight month _ pushed it up as much as 177 points. It fell back some, but held a steady gain for the rest of the day.

The Dow closed up 136.16 points, or 1 percent, to close at 13,232.62. It was the best day for the Dow since Sept. 13. Continue reading "November starts off strong" →

Daily Video Update: "Rabbit, rabbit, rabbit."

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 1st of November.

"Rabbit, rabbit, rabbit" is a common British superstition which states that a person should say the words "rabbit, rabbit, rabbit" out loud upon waking on the first day of the month. According to legend and lore, this will ensure good luck for the duration of that month.

One trader I knew on the floor of the CME carried a rabbit's foot in his pocket everyday! He claimed it gave him good luck with his trading. Judging from his success, I would have to say it worked!!

So don't forget, on the first of December to say "rabbit, rabbit, rabbit" when you wake up. It can't hurt.

The stock markets are gradually getting back to normal and into the swing of things again. Certainly today's 1% rally in the major indices is a good indication that more and more traders are once again back at their desks and focusing on the markets. Continue reading "Daily Video Update: "Rabbit, rabbit, rabbit."" →

Stocks mixed after historic 2-day close

Posted on by The INO.com Team

Stocks closed mixed on Wednesday in their first session since Hurricane Sandy forced an historic two-day shutdown of trading.
The Dow Jones industrial average slipped 10.75 points to 13,096.46. The Standard & Poor's 500 index rose, but barely _ up 0.22 of a point to 1,412.16.

Investors were nervous that a flood of orders after two days of pent-up demand from customers might lead to volatile trading. But stock prices barely budged at the opening, and stayed within a tight range throughout the day.

"It's been very smooth," Duncan Niederauer, CEO of NYSE Euronext, told CNBC from the exchange floor shortly after the opening bell. "The market-making community is more than staffed enough to be open." Continue reading "Stocks mixed after historic 2-day close" →