Sector Update: Financial Shares Up; Economy Adds 169,000 Jobs, Less Than Expected

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Top Financial Shares:

JPM: +0.23%

BAC: +0.42%


WFC: +0.11%

C: +0.50%

USB: -1.70%

Financial shares are up as the U.S. Labor Department reports the economy added 169,000 jobs in August as the unemployment rate dropped to 7.3% to 7.4%.

Prior to the report, Federal Reserve President Charles Evans hinted that the Fed could begin increasing interest rates in 2015 as unemployment falls below 6.5%.

In financial stocks news, Goldman Sachs ( GS ) may sell a majority stake in Rothesay Life with Blackstone ( BX ) and Singapore sovereign wealth fund GIC, the Financial Times reports GS shares are up 0.15% at $156.40.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: BX , GS

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As of 12/26/2014, 04:15 PM


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