Tag Archives: Jobless Rate

Stocks Up, Jobless Claims, Oil Prices Down

S&P and Dow industrial average’s posting record highs last week on the news that the European Central Bank is willing to do whatever it takes to get their economic problems under control. Jobless claim fell again in anticipation of the report from the labor department.

The price of a barrel of oil is continuing to decline, and that decline is starting to be translated into savings at the gas pump. Perhaps the money saved on gas is being spent elsewhere, such as in Whole Foods and Cosco, whose stocks are heading up.

Amazon is considering a new way to minimize delivery times of orders; with the use of taxi cabs. The plan is to fill a taxi with a group of packages all heading for the same zip code, which could cut delivery times in certain geographic regions. The test areas are in San Francisco and Los Angeles.