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Tag: Higher

The way stocks are gliding higher could be a bullish sign for the year

The way stocks are gliding higher could be a bullish sign for the year

Finance
Compared to the rough ride down, stocks have much more quietly and gently recovered more than 13 percent of their losses from the Christmas Eve low. That's good news for bullish investors, who expect that the turbulent Christmas lows marked the bottom of the rout that took the S&P 500 down 20 percent on an intraday basis. The S&P 500 Friday closed out a fourth week of gains and was up 13.6 percent from the Christmas Eve close. "It's a grind higher, but I think that's classic. The market takes the stairs up and elevator down. The elevator was a horror show in December. The market is just grinding its way back," said Ar...
Higher percentage of California pot passing safety tests

Higher percentage of California pot passing safety tests

Health
A higher percentage of California marijuana products are passing strict safety tests, but the sudden closing of a lab that state authorities found wasn't correctly checking for pesticides has raised new questions about the system intended to protect the purity and potency of legal cannabis. California broadly legalized marijuana at the start of the year, and mandatory testing began in July 1. During the first two months the failure rate was about 20 percent, but state data collected through November showed improvement — about 14 percent of nearly 24,000 products were blocked from store shelves by tests. Cannabis-infused cookies, candies and tinctures continued having the most trouble in test labs: About 26 percent were rejected, though that also was an improved rate compared to the...
UK unemployment edges higher

UK unemployment edges higher

Business
UK unemployment rose by 21,000 in the three months to September to 1.38 million, according to official Office for National Statistics (ONS) figures.The unemployment rate rose to 4.1% from 4.0%.Wages, excluding bonuses, grew by 3.2% in the same three-month period.ONS senior statistician Matt Hughes said: "The labour market is little changed on the previous three months, though still stronger than it was at this time last year.""With faster wage growth and more subdued inflation, real earnings have picked up noticeably in the last few months. However, real wage growth is below the level seen in 2015, and real wages have not yet returned to their 2008 levels," he added. "The recent uptick in British nationals in work and the decline in workers from the so-ca...
Jeremy Siegel: With tech down for the count, a 'surprise' move could lead the market higher

Jeremy Siegel: With tech down for the count, a 'surprise' move could lead the market higher

Finance
The stock market can "absolutely" go higher even without technology stocks leading the way, Wharton School finance professor Jeremy Siegel told CNBC on Friday. Tech stocks, which have delivered the best returns in recent years, have been hammered lately. October was their worst month since 2008. "We might get surprised by [investors] moving into some more dividend stocks even in a rising interest rate environment because bonds wouldn't be good and people who don't want the risk of tech might say, 'Hey, I want stocks that have had long-term good dividend performance for income,'" Siegel said on "Closing Bell." ...