News and Information

Wall Street News

HAPPY BIRTHDAY BULL MARKET 

It was eight years ago, as of March 9, 2017, since the market bottomed out during the great financial crisis. Since then the Jobs Market has reported over 75 weeks of growth, while sometimes slow. Unemployment has also continued to slowly decline and the stock market has gone over 21,000 in February, 2017. Oil prices have been up and down but not near the record highs. The Fed increased rates once since years of no movement and they may be thinking of a second increase. Stayed tuned for what may be next.

Previously - 2016 had started in meltdown mode, then the market started another comeback kick. It's a dramatic revival for a market that had tanked more than 10% by early February. Some were ready to proclaim that the bull market was finished. The Dow Jones Industrial Average has continued a come back to 17868 on May 10. The Dow Jones Industrial Average lost over 323 points during the last 12 months from 18,191.11 in May of 2015. Historically, the Dow Jones Industrial Average reached an all time high of 18312.39 in May of 2015 and a record low of 41.20 in July of 1932.

The Dow, which measures the share prices of 30 large industrial companies,  climbed above 19,800 to another fresh record, on pace for 13th record close since election; crude oil has been lifted to its highest in 17 months. The S&P 500 Index is hovering near an all-time high Closing of 2,259.53 on Friday, December 9, 2016 and an Intraday high of 2,259.80 while the Nasdaq Composite hitting a new record of 5444.49 on the same day.

 ISM's

The Institute for Supply Management’s non-manufacturing index, which covers almost 90 percent of the economy, increased in February 2017 to 57.6 from 56.5 in January, the Tempe, Arizona-based group’s data showed Friday. Readings above 50 signal growth. The median forecast in a Bloomberg survey called for the gauge to hold at the previous month’s level.

A measure of business activity climbed to the second-highest level since 2005 and order growth quickened, the report showed. Combined with the ISM’s latest reading on manufacturing, which grew at the fastest clip since August 2014, the services figures signal widespread optimism about the economy.

A measure of business activity climbed to the second-highest level since 2005 and order growth quickened, the report showed. Combined with the ISM’s latest reading on manufacturing, which grew at the fastest clip since August 2014, the services figures signal widespread optimism about the economy.

 

(Read More)

 

Consumer confidence:

U.S. Consumer Comfort Just Reached Its Highest Level in a Decade

Sentiment about U.S. economy is strongest since August 2001

Americans’ confidence continued to seem to be more-upbeat in their assessments about the economy and buying climate figures showed in February, 2017.

 

Pending home sales / New home sales

 

(Read More)

 

Emerging and world-markets:

 

Jobless Claims: U.S. employers added jobs in February 2017 at what was started as an above-average pace for a second month based it appears per reports on gains in construction and manufacturing. February’s 235,000 increase followed a 238,000 rise in January. This while wage growth picked up, as the labor market continued its steady improvement in the 2017 new year. Information provide said the average hourly earnings rose by 0.2 percent from the previous month. January’s year-over-year increase was revised up to a 2.6 percent gain.

 

Read More Wall Street Info

 

Visit our Did You Know? page for more financial insights, facts and information. Or write us to request information written on previous indexs or topics of interest you may have.

 

              (Read More)



  (Read More)

FDIC Deposit Insurance Coverage

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects against the loss of insured deposits if an FDIC-insured bank or...

(Read More)

Protect Yourself Against Identity Theft

You can help protect your identity by learning how to deter, detect, and defend against identity theft. While there are no guarantees about avoiding identity theft, there are steps you can take... (Read More)

Haddon Savings Bank Visa® Debit Card

Get your Haddon Savings Bank Visa® Debit Card and put check cashing hassles behind you

Explore Haddon Savings' BillPay

Haddon Savings Bank's FREE BillPay Service makes paying your bills simple and easy.

Details of the 21st Century Check Clearing Act

Answers to some of the questions about the Check Clearing for the 21st Century Act. (Read More)