Stocks are flat after economic reports do little to encourage investors
The Labor Department said the number of people filing for unemployment claims fell last week by 4,000 to 570,000. However, the market had been expecting a bigger drop to 560,000. The number of people continuing to receive benefits rose.
Investors have been anxious this week for more insight on the labor market. Friday will bring the government’s report on August job losses, the month’s most telling piece of economic data. In July, job losses slowed and the unemployment rate unexpectedly fell. Investors are eager to see those trends continue.
HearAtLast Holdings, Inc. (OTC: HRAL), a leading provider of suitable affordable solutions to clients with hearing needs in the billion dollar hearing loss market, announced today the clinics throughout Canada saw same month sales increase by over 20 percent during August, 2009.
Industry trends generally indicate that the month of August is a slower period in the Canadian Retail Hearing Aid Industry. This is a very positive sign that the Canadian economy, not as closely tied to the USA economic downturn, is recovering.
US Stocks are lower after huge sell-off in China stocks
Stocks sold off broadly Monday after China’s main index plunged 6.7 percent, adding to a nearly 3 percent drop on Friday. The selling of Chinese shares has been fed by concerns over a tightening in bank lending that could hurt the country’s economy. That in turn has weighed on markets around the globe this month. Markets in Japan and Europe were also lower.
There was little U.S. economic news expected Monday, but key readings come later this week on manufacturing and employment in August that have the ability to either sustain or upset the market’s massive six-month rally.
MISSISSAUGA, ONTARIO–(Marketwire – 08/31/09) – HearAtLast Holdings, Inc. (Pinksheets:HRAL), a leading provider of suitable affordable solutions to clients with hearing needs in the billion dollar hearing loss market, announced today the exclusive offering of the “The QSound EarBud” throughout its Hearing Store Clinics located across Canada.
Stocks are lower despite more signs that the economy might be stabilizing
Investors are putting the brakes on the market’s recent rally, which gave the Dow Jones industrials seven straight days of gains through Wednesday, hitting another high for the year and matching its longest winning streak since July.
Analysts say the market has been running out of reasons to move higher and is now looking for more convincing signs of recovery in the economy before resuming its upward march.
AUSTIN, Texas–(BUSINESS WIRE)–SmallCapVoice.com, Inc. announced today that a new audio interview with HearAtLast Holdings, Inc. (Pinksheets:HRAL) is now available. The interview can be heard at http://smallcapvoice.com/blog/8-26-09-audio-interview-with-hearatlast-holdings-inc-otcpk-hral.