Stocks Rise On Solid Economic Data, Despite Looming China Tariff Deadline

Wall Street is rallying on the back of solid economic data, with Friday’s blockbuster jobs report showing that the labor market is still a bright spot for the U.S. economy, which could help the stock market finish off the year strong despite ongoing uncertainty over the looming China tariff deadline on December 15.

The Labor Department’s November jobs report showed that the U.S. labor market grew at its best rate since January, adding 266,000 jobs, easily beating the 187,000 expected by Wall Street and suggesting that the economy’s momentum can continue into next year. As the Federal Reserve prepares to meet again next week, strategists see November’s strong jobs report making anotherDespite solid job growth and steady consumer spending dampening recession fears, the big remaining variable is the looming tariff deadline, with the Trump administration poised to tax another $156 billion of Chinese goods on December 15.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

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 »

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 »

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 »