Major Indices Up for the First Week of the Year.
Posted on January 12th, 2012
Weekly Wrap Up
Markets began the week with a rally, as positive economic data about the manufacturing and construction sectors of the economy were released on Monday. Though Germany managed to get a lower rate for its debt during its auction on Tuesday, markets ended flat for the day. Markets continued to be flat or mixed for the rest of the week, with the week overall ending up.
Both Amazon and Barnes Noble saw tremendous sales of their ebook and tablet products during the holiday seasons. The former has admitted that they sold at minimum four million Kindles during December, and Barnes Nobles Nook sales did so well that they are considering spinning off the division into its own independent company. More Market News
Economic News
US jobless rate falls to three-year low as 200,000 Americans find jobs Companies hired 212,000 workers in December, which helped drive the unemployment rate down to 8.5pc from a revised 8.7pc in November, according to the Bureau of Labor.
Tags: Week, Week Year
No Comments »