Market trifecta hits new highs

Posted by | August 11, 2016 17:09 | Filed under: Economy Good News

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It’s a banner day for the U.S. markets.

Stocks rallied and the Dow, S&P 500 and Nasdaq all hit new closing highs Thursday, bolstered by a strong earnings report from department store Macy’s, fresh data showing the labor market remains solid and a rebound in oil prices.

It’s the first time all three major market gauges have set new closing marks on the same day since 1999 — specifically, New Year’s Eve of that year…

In economic news , the Labor Department reported that the number of Americans filing for first-time jobless claims fell 1,000 to 266,000, which “points to healthy labor market conditions across the U.S.,” according to Barclays.

Oil prices on the U.S. market also rebounded off lows for the day, and jumped $1.65, or 4%, to $43.37 a barrel.

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Copyright 2016 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

12 responses to Market trifecta hits new highs

  1. ohpaleasegivemeabreak August 11th, 2016 at 18:17

    More proof of exactly how the Kenyan Usurper is continuing to destroy the world’s economy.

    Yep

    • LoisB August 11th, 2016 at 18:50

      I wonder how many fat cats who have doubled their wealth since 2009 plan to vote for Trump?

      • Mike August 11th, 2016 at 20:35

        All of em….

      • Mike August 11th, 2016 at 20:39

        A month or so back there was a story in Bloomberg called “The anti-business pres that’s great for business … It was a shocking look at what republicans call a weak economy when compared to Bush I, Bush II, or Reagan…

  2. Um Cara August 11th, 2016 at 18:20

    Thanks, Obama

  3. Roctuna August 11th, 2016 at 19:11

    Certainly NOT due to republican “shut-down the govm’t” and austerity economic policies. Chalk up yet another “Thanks Obama!”

  4. mistlesuede August 12th, 2016 at 01:19

    Macy’s is closing 100 stores. Just thought I’d throw that out there.

    • whatthe46 August 12th, 2016 at 02:32

      saw that. i’ll shop there when it’s 50% or more off.

      • mistlesuede August 12th, 2016 at 10:23

        I have always loved Macy’s. I’ve bought a lot of clothing there through the years for my husband, our son and I. I have bought many of my swimsuits there when they start the markdowns shortly after swim season gets into full swing. I also like their fine jewelry department. They have had great sale prices if you watch the ads. I buy online from them around Christmas time almost every year because of the sale prices. I am keeping my fingers crossed that they aren’t going to close the one that we’ve been going to not only to be able to go there and look for things, but in case we have to return something bought online.

    • bpollen August 12th, 2016 at 06:11

      Another victim in the War On Christmas. Tune in to Bill O’Reilly tonite to learn more.

  5. amongoose August 12th, 2016 at 02:29

    PE’s are in record territory, double digits..

  6. bpollen August 12th, 2016 at 06:09

    And I had my money on the exacta…

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