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Podcast: The Dividend Cafe
Episode: The DC Today - Thursday, January 26, 2023
Description: Dow: +204.45 (+0.61%)
S&P: +1.10%
Nasdaq: +1.76%
10-Year Treasury Yield: 3.497% (+3 basis points)
Top-performing sector: Energy (+3.32%)
Bottom-performing sector: Consumer Staples (-0.28%)
WTI Crude Oil: $81.04/barrel (+0.89%)
Key Economic Point of the Day:
Weekly jobless claims again reflected the strength of the labor markets with initial claims coming in at 186,000 versus a median forecast of 205,000
A reminder, all of this coming on the heels of daily reports of layoffs from some of the top employers in the country
The 2022 4th quarter GDP number came in at 2.9%, slightly above the median forecast of 2.8%, and buoyed by continued solid consumer spending
Durable goods...