News
The numbers: The U.S. added a solid 428,000 new jobs in April, but an acute labor shortage showed little improvement last month and threatens to add to the highest inflation in 40 years. Employment has risen by 400,000-plus for 12 straight months and the number of people working is likely to return to pre-Covid levels […]
Type: Bearish ContinuationKey Levels:Resistance: 794’0Pivot: 790’0Support: 783’4Preferred Case:With price expected to reverse off the resistance of the Ichimoku cloud, we see a potential bearish continuation from our pivot level which is in line with 23.6% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of in line with the horizontal swing low support […]
Type: Bullish BounceKey Levels:Resistance: 2859.57Pivot: 2721.94Support: 2652.04Preferred Case:On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 2859.57 where the 61.8% Fibonacci retracement is from our pivot of 2721.94 in line with the horizontal swing low support.Alternative Scenario:Alternatively, price […]
Bank of America Corp. BAC, -0.24% said Thursday its 67 million consumer and small business clients hiked their aggregate credit and debit card spending by 13% in April. David Tinsley, senior economist for the Bank of America Institute, said the data “continues to paint a healthy picture of the U.S. consumer.” Credit card spending rose […]
Wells Fargo & Co. said it’s kicking off a new program to hire 100 spouses per year of people actively serving in the military over the next five years. The move coincides with Military Spouse Appreciation Day on Friday. Wells Fargo said Thursday it’ll offer mid- to high-level remote, hybrid, and in-office career opportunities with […]
U.S. stocks opened lower on Friday, extending Thursday’s selloff which saw the Dow Jones Industrial Average and Nasdaq Composite Index book their worst daily drops since 2020. Data released on Friday showed that the U.S. added a solid 428,000 new jobs in April, but an acute labor shortage showed little improvement last month and threatens […]