Goldman Sachs Weighs On Financial Sector. Big Economic Releases Next Week.
Yesterday, the market rebounded sharply and much of the losses from earlier in the week were erased. Strong earnings and likely aid for Greece fueled the rally. Initial jobless claims came in at 448,000 yesterday morning. During the last four weeks, this number has been disappointing and the four-week moving average is moving higher. Next week, the ADP employment index (Wednesday), initial claims and the Unemployment Report (Friday) will be scrutinized. Analysts have been calling for job growth and they want confirmation that last month's number (160,000 new jobs) was not a fluke. The government is still hiring census workers and …
April 30, 2010
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