Underneath the stock market's epic rebound has been a "more favorable" trend that Credit Suisse says will drive the market higher.
‘The one report that everyone in Washington watches’ on employment just showed a big gain in job openings”
Job vacancies jumped to a fresh high of 7.6 million in January as employers continue to seek qualified applicants to fill positions, the Bureau of Labor Statistics reported Friday.
U.S. job growth almost stalled in February, with the economy creating only 20,000 jobs as construction and retail payrolls dropped, which could raise concerns about a sharp slowdown in economic activity.
U.S. homebuilding increased more than expected in January as construction of single-family housing rebounded after four straight monthly declines, but building permits for these units fell to the lowest level since mid-2017.
Sales of new U.S. single-family homes rose to a seven-month high in December, but November's outsized jump was revised lower, pointing to continued weakness in the housing market.
China sought to shore up its slowing economy through billions of dollars in planned tax cuts and infrastructure spending, with economic growth at its weakest in almost 30 years due to softer domestic demand and a trade war with the United States.
There will not be a recession this year despite a slowdown in economic activity worldwide, a top executive at Carlyle Group told CNBC Wednesday.
U.S. economic growth was better than expected as 2018 came to a close, with GDP rising 2.6 percent, according to a first estimate the Commerce Department released Thursday.
U.S. President Donald Trump on Sunday raised hopes that the United States and China would settle their trade dispute ahead of a March 1 deadline as negotiators met to wrap up the latest round of talks.