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By Staff Reporters
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All three major indexes closed higher during the Thanksgiving-shortened week, and if history is any indication, this rally has room to run through the end of the year. The Thanksgiving–New Year’s stretch has typically been a great one for stocks, with the S&P rising 71% of the time during the period since 1950. Of course, shrinking corporate profits and the FOMC’s rate hikes might play the spoiler this year.
The November jobs report will drop on Friday, and it’s expected to show the second straight monthly deceleration in US employment growth. Still, the economy is projected to have added 200,000 jobs last month, which would indicate a still-healthy labor market and keep the Fed on its rate-hiking path.
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Filed under: Alerts Sign-Up, Investing | Tagged: jobs, jobs report, markets |
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