Stocks surge on strong jobs report—what 5 pros see ahead for the US economy

  • 📰 CNBC
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The U.S. economy added a better-than-expected 266,000 jobs in November, and market professionals see it as another leg in the record bull run.

last month, mainly in education and manufacturing. Economists polled by Dow Jones expected closer to 187,000 nonfarm payroll additions.

Here's what five of them — two economists, two strategists and one investment chief — see ahead for stocks. "What we're seeing is a result of a tremendous crash and a very long recovery. You saw the real wealth of the average middle-class American family collapse by 49% between 2001 and 2010. It was a deep financial crash and recession. It's taken a long time to come back, and that's great. But the real point is this recovery is an Obama-Yellen recovery. It is in spite of everything that [President Donald] Trump is doing, not because of it.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Stock traders will take any good news to bump the market up. “Oh, look, the sun didn’t explode this morning!!!! Buy, buy, buy!!!! What a bunch of wankers!

What happened to the unstoppable recession y’all said was coming a month ago? 🤣

someone ask paulkrugman or summers when the recession is coming? still just around the corner? like the last 6 months we have heard from these anti trump liars

Thanks, realDonaldTrump. JobsReport

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks set to inch higher ahead of US payrolls dataStocks in Asia were set to inch higher at the open on Friday ahead of the release of U.S. nonfarm payrolls data for November expected to be released later in the day stateside.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks seen higher ahead of US jobs reportEuropean stocks are set to open higher Friday morning as investors await employment data out of the U.S. and monitor trade developments between Beijing and Washington. I seen ‘em!
Source: CNBC - 🏆 12. / 72 Read more »

Here are Warren Buffett's top 13 favorite stocksIn his 2018 annual letter to shareholders, Buffett wrote that much of Berkshire Hathaway's cash would be focused on expanding its equity holdings.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks rise broadly; S&P 500 ends three-day losing streakStocks climbed on Wall Street's renewed hopes that a U.S.-China trade deal may be nearing despite tough recent talk from President Trump.
Source: latimes - 🏆 11. / 82 Read more »

Stocks making the biggest moves after hours: Ulta, Crowdstrike, Zoom Video and moreSee which stocks are posting big moves after the bell on Thursday.
Source: CNBC - 🏆 12. / 72 Read more »