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EUC; Emergency Unemployment Benefit Extension 2014; Millions of America’s Jobless need Federal Aid

Posted on | August 30, 2014 | No Comments

Unemployment benefit application news update and U.S. unemployment benefit extension EUC 2014 deal review August 30, 2014:
Although millions of Americans are still waiting on Congress to pass another unemployment benefit extension deal, it appears fewer Americans are making applications to receive initial state unemployment benefits. This news may not be good for those hoping to sway the minds of the many lawmakers that have sided against another unemployment extension deal in 2014. According to the Labor Department’s most recent weekly report, the number of American’s filing state claims for unemployment dipped again by 1,000 to the seasonally annualized rate of 298,000 for the week ended August 23. Initial claims for unemployment have now dropped lower four times over the last six weeks. This data can definitely be viewed as a sign of an improving economy and thus will work against the idea of passing another unemployment benefit extension deal. In the weeks leading up to the most recent congressional recess, it seemed as though the push to extend another unemployment benefit deal was losing steam and fading to the background. The recent economic news is unlikely to bring the push back to the forefront. In addition to the initial jobless claims data, the most recent second quarter GDP report was positively skewed as well. The second quarter GDP rose by 4.2 percent at an annualized rate. Again, this data implies economic strength and is unlikely to help the cause for the millions of Americans still out of work and without benefits.


Genny Germano

Genny Germano

Today’s Dow Jones Industrial Average DJIA, Nasdaq, S&P 500 stock index close review and market update August 30, 2014

Posted on | August 30, 2014 | No Comments

Stock market news review and stock composite trends today August 30, 2014:
As the week came to a close, economic news was generally positive and this helped to prompt investor confidence and rising stock composites trend-lines in the U.S.
On Thursday, it was reported that orders for durable goods surged higher and initial claims for state unemployment fell back.
Last session, the report on consumer sentiment posted and showed that the overall index rose to 82.5 in August from 81.8 in July. Additionally, the survey’s indication of current economic conditions rose to 99.8 which represented the highest level since the summer of 2007.
The consumer spending and personal income report posted as well last session. Consumer spending in July fell back by .1 percent but personal income rose higher by .2 percent. Although personal income is on the rise, consumers are shopping less and presumably saving more.
On top of it all, it should be noted that the GDP in the second quarter advanced at a 4.2 percent pace. Overall, the economic recovery process in the U.S. looks to be on track.
As the final trading session of the week came to a close, the primary U.S. stock composites finished on the positive side of break-even.
Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 stock market index review August 30, 2014:
The S&P 500 rose higher last session by .33 percent to close at 2,003.37. The Nasdaq rose higher by .50 percent to close at 4,580.27 and the Dow Jones Industrial Average rose higher by .11 percent to close at 17,098.45 to close the last session of the week.



Frank Matto

Gold price per ounce Spot gold per gram Spot silver per ounce Price review today August 30, 2014

Posted on | August 30, 2014 | No Comments

Gold price and silver price precious metal news review today August 30, 2014:
The primary U.S. stock composites finished with gains last session and precious metal gold and silver prices dropped into the red once again. Economic news has been positively skewed in the U.S. in recent days and this has pulled attention from safe havens to stocks. The stock composites racked up another week of gains in the U.S. and precious metal gold and silver prices extended their losses.
December contract gold price and September contract silver price close review today August 30, 2014:
September contract silver price dipped lower by .7 percent and closed the day at 19.40 per ounce as of last session’s close. December contract gold price dipped lower by .23 percent to close the day at 1,287.40 per ounce as of last session’s close. One month price change for both gold and silver is currently negative at this time. Price change for gold is negative by approximately 1.85 percent at this time and price change for silver is negative by approximately 5.7 percent at this time.
Spot gold per gram spot silver per ounce price review today August 30, 2014:
Spot gold per gram and spot silver per ounce prices were tracking higher. Spot gold per gram price was up to 41.38. Spot silver per ounce price was up to 19.45 after last session close.
Gold and silver prices mixed throughout the last week, and analysts are unsure of direction at this point. Last week, analysts were bearish for this week. Investors will tune in after the weekend to see which way gold and silver prices track.



Camillo Zucari

Today’s Dow Jones Industrial Average DJIA Index Stock market mid-day News August 29, 2014

Posted on | August 29, 2014 | No Comments

Today’s stock market news update and stock index review August 29, 2014:
Stock futures were on the rise prior to opening bell this morning and stock composites looked better positioned after closing in the red across the board last session. Despite the negative close last session, the Dow Jones Industrial Average, as well as the Nasdaq and the S&P 500, are positioned for positive gains in August overall. Last session, economic news was better than expected. The Labor Department reported that the number of new applications for jobless benefits dipped and remain near post recession lows. Claims dipped by 1,000 to the seasonally adjusted rate of 298,000. Additionally, the Commerce Department reported that durable goods orders rose a seasonally adjusted 22.6 percent in July from the month prior. Both reports were better than expected and imply a strengthening U.S. economy. This news helped to push the primary U.S. stock composites higher during the initial half of trading today. In economic news today, personal income and spending numbers posted, as did the final reading of the consumer sentiment index. The data was mixed. U.S. consumer sentiment rose higher in August. According to the Thomas Reuters/University of Michigan’s final reading, the consumer sentiment index rose to 82.5 from 81.8 the month prior. Consumer spending though fell back last month. Personal spending declined .1 percent and personal income rose .2 percent in July.
As the trading session reached mid-day, the primary U.S. stock composites were tracking through positive territory.

Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 stock market index review today August 29, 2014:
The S&P 500 was higher by .21 percent at 2,000.82. The Nasdaq was higher by .36 percent at 4,574.12 and the Dow Jones Industrial Average was higher by .01 percent at 17,080.70 at mid-day.



Frank Matto

Today’s Gold per ounce Spot gold per gram Spot silver rate review mid-day August 29, 2014

Posted on | August 29, 2014 | No Comments

Today’s gold and silver price trend review and market session news update August 29, 2014 mid-day:
Gold and silver contract prices bounced higher last session as stock composites fell lower. Although economic news in the U.S. was positively skewed last session, concerns associated with the ongoing conflict between Russia and Ukraine surfaced to pressure the marketplace. Fear and uncertainty pushed additional safe haven diversification and gold and silver contract prices finished the last session with gains. December gold price rose up to 1,290.40 per ounce and September silver price rose higher to 19.53 per ounce last session. Gold price rose higher due, in part, to the brimming geopolitical tensions and the dipping dollar. The dollar softened mid-week and this helped to prompt precious metal positions. Today, as the trading session reached the mid-day mark, gold and silver price were falling.
Gold and silver contract price per ounce trends mid-day August 29, 2014:
Contract gold and silver prices were tracking lower at mid-day today. December contract gold price was lower by .26 percent at 1,287.10 per ounce. September contract price was red by .28 percent at the electronic price of 19.48 per ounce as of the halfway point in the session today.
Spot gold per gram and spot silver per ounce price review today August 29, 2014:
Spot gold and spot silver prices were tracking lower at mid-day. Spot gold per gram price was lower at 41.40 and spot silver per ounce price was down to 19.52 as of mid-day today.



Camillo Zucari

Unemployment benefit extension euc 2014 emergency compensation for America’s jobless; Will Congress Do something about long term unemployment

Posted on | August 29, 2014 | No Comments

Unemployment benefit extension deal review today August 29, 2014:
Millions of Americans remain out of work and without a federal financial lifeline that once helped them to pay for daily needs like food and rent while they while they continue their search for gainful employment. Congress initially allowed unemployment benefits to expire for over a million back in December and, since that time, many more Americans have been categorized as unemployed without benefits. Lawmakers have made several unsuccessful attempts at passing a deal to extend unemployment, but bipartisan conflicts associated with payment plans and general deal design have thwarted efforts. Some lawmakers site the improving economic conditions as one reason they will not vote to extend another unemployment benefit plan for the long term jobless. The recent jobless claims numbers seem to support their opinions. Two weeks ago, the Labor Department reported that jobless claims fell to levels that have not been seen regularly for about eight years. The Labor Department reported that initial claims for unemployment benefits fell by 14,000 to a seasonally adjusted rate of 298,000 during the week ended August 16, 2014. This rate had marked the third time over the previous five weeks that initial claims for unemployment dropped below the 300,000 mark. Yesterday, the Labor Department reported on jobless claims once again. According to the Department’s figures this time, initial claims for unemployment once again posted under the 300,000 mark. Initial claims for state unemployment dipped by 1,000 to a seasonally adjusted rate of 298,000 for the week ended August 23. The data portrays an economic recovery process moving in the right direction and strengthening. This data though, is generally not the type that might prompt more lawmakers side with another unemployment deal in 2014.


Genny Germano



Genny Germano

Dow Jones Industrial Average DJIA; Stock Market Close review and Economic Notes; GDP and Jobless Claims Post Positive

Posted on | August 29, 2014 | No Comments

Today’s Stock market index close review and economic news review August 29, 2014 at open:
The Dow Jones Industrial Average, as well as the Nasdaq and the S&P 500, tracked lower throughout a majority of the last full trading session. The DJIA, as well as the other major stock indices closed the last session in the red despite some positively skewed economic news. The jobless claims report, as well as the GDP report, gave investors an optimistic look at the economic recovery process.
According to the Labor Department, the number of Americans filing new claims for unemployment benefits dipped lower for a second straight week. Claims for state unemployment benefits dipped lower by 1,000 to the seasonally adjusted rate of 298,000 for the week ended August 23. This was better than expected and an indication of a strengthening job market.
In other recent economic news, the Commerce Department reported that the U.S. economy expanded more than expected during the second quarter. The second quarter GDP estimate rose at 4.2 percent annualized rate. The first quarter estimate posted at a 4 percent annualized rate.
Despite the positively skewed economic news last session, trading volume was below average and investors’ worries associated with the conflict between Russia and Ukraine were welling higher. This weighed on the primary U.S. stock composites during the last full trading session which pushed them lower to close.
Dow Jones Industrial Average, Nasdaq, S&P 500 stock index close review today:
The S&P 500 sank lower by .17 percent and closed the day at 1,996.74. The Nasdaq was in the red by .26 percent at 4,557.70 and the Dow Jones Industrial Average dipped by .25 percent to close at 17,079.57 last session.
Investors will tune in today to see if the primary U.S. stock composite can bounce higher once more.



Frank Matto

Today’s gold per ounce spot gold per gram spot silver rate review August 29, 2014 at open

Posted on | August 29, 2014 | No Comments

Gold price and silver price precious metal news review today August 29, 2014 at open:
Gold and silver prices bounced higher during the last full trading session. Precious metal safe haven investors looked to diversify with gold and silver as stock indices fell lower across the board. Despite some positively skewed economic data stemming from the second quarter GDP report, as well as the most recent initial jobless claims report, stock composites fell lower yesterday. Investors felt pressures associated with the conflict between Russia and Ukraine begin to boil higher once again. These pressured pushed additional safe haven investing. Bargain hunting also led to precious metal attention during the last full trading session. Gold and silver contracts both finished the day with floor prices on the positive side of break-even.

Gold and silver contract price per ounce close review today:
December contract gold price rose higher last session by .55 percent and closed at 1,290.40 per ounce. September contract silver price rose higher by .66 percent and closed the day at the floor price of 19.53 per ounce. Despite the positive close last session, gold and silver price change is still negative according to one month analysis.

Spot gold per gram and spot silver per ounce price review today August 29, 2014:
Prior to opening bell this morning, spot gold per gram and spot silver per ounce prices were mixed. Spot gold per gram price posted at 41.43. Spot silver per ounce price posted at 19.54 prior to opening bell today.



Camillo Zucari

Today’s gold per ounce spot gold per gram spot silver per ounce price review August 28, 2014 mid-day

Posted on | August 28, 2014 | No Comments

Gold price and silver price precious metal news review today August 28, 2014:
Contract gold and silver prices finished the last full trading session on opposite sides of break-even. Gold contract price finished the day in the red and silver price posted gains on the day. December contract gold price fell back last session by .14 percent to 1,283.40 per ounce. Silver contract price rose higher by .10 percent to post the floor price close of 19.40 per ounce last session. So far this week, gold price has closed in the red on two bookend sessions while posting a gain Tuesday. Despite the mixed close last session, gold and silver price change is still negative according to one month analysis. Today though, as the trading session reached the mid-day mark, gold and silver prices were posting in positive territory. Stock indices were red across the board and precious metals gold and silver attracted additional attention.
Today’s gold per ounce and silver price per ounce contract review mid-day August 28, 2014:
Contract gold and silver prices were higher at mid-day today. December contract gold price was up by .56 percent at the electronic rate of 1,290.60 per ounce at mid-day. September contract silver price was higher by .57 percent at the electronic rate of 19.52 at mid-day today.

Spot gold per gram and spot silver per ounce price review today August 28, 2014:
Spot gold per gram price posted at 41.46 as of the mid-day mark today. Spot silver per ounce price posted at 19.57 at mid-day today.



Camillo Zucari

Today’s dow jones industrial average DJIA, Nasdaq, S&P 500 stock index trends and economic news mid-day update August 28, 2014

Posted on | August 28, 2014 | No Comments

stock market index review and economic news update August 28, 2014 mid-day:
After closing out the last full trading session mixed, stock futures were red this morning and stock composites positioned for the weaker open. Last session, the S&P 500 closed just above the 2,000 mark, the Nasdaq closed lower at 4,569.62 and the Dow Jones Industrial Average finished the day up at 17,122.01. Indices appeared positioned for the negative close at the mid-day mark in the trading session today. Geopolitical concerns appear to be bubbling up today. In economic news, data on jobless claims posted and investors also reviewed the second quarter GDP estimate. As for the first quarter GDP estimate, it revealed a U.S. economic growth rate at a 4 percent annual pace. Jobless claims also dipped lower two weeks ago. This week, according to the Labor Department, the number of Americans that applied for initial unemployment fell again by 1,000 to a seasonally adjusted rate of 298,000 for the week ended August 23, 2014. The Commerce Department reported that the second quarter GDP estimate expanded more than expected to q 4.2 percent annualized rate. Despite the positively skewed economic data, tension between Russia and Ukraine weighed stock indices down through the first half of trading.
As the trading session reached the mid-day mark, the primary U.S. stock composites were red across the board.
Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 stock index review mid-day August 28, 2014:
As of mid-day, the S&P 500 was lower by .20 percent at 1,996.13. The Nasdaq was lower by .20 percent at 4,560.47 and the Dow Jones Industrial Average was lower by .32 percent at 17,068.03 at mid-day.



Frank Matto

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