Business News

A Monster Bounce Back

It has been a two-day rally that has raised markets 4.2%, the biggest two-day jump since November 2011. As we face a quadruple witching Friday we are in line for day three of the rally.  (CNBC)

Nike futures orders rose 13%, its slowest pace in four quarters, indicating potential weakening demand for the sportswear maker's products in emerging markets and western Europe. Nike said profits rose 23% to $655 million as sales rose 15% to $7.38 billion. (Reuters)

The index of U.S. leading indicators rose in November for a third straight month, a sign the economy is gaining traction heading into 2015. The biggest challenge remains, more income growth. However, with labor market conditions tightening, we are seeing the first signs of wage growth starting to pick up. (Bloomberg)

The U.S. services sector expanded in December at its slowest rate since February as growth in employment and new business slowed.  The Purchasing Managers Index hit 53.6 in December, down from November's final reading of 56.2.  A reading of 50 or more means the sector is growing. (Reuters)

Join us Saturday at 10 for Financial Focus Radio when we will talk about tying up those loose ends before the first of the year.

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Lars Larson
Lars Larson
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Lars Larson

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