Stock Market Live December 15: S&P 500 (VOO) Rises as Investors Await Economic Data

This nonfiction volition beryllium updated passim the day, truthful cheque backmost often for much regular updates.

The Vanguard S&P 500 ETF (NYSEMKT: VOO) mislaid 0.6% past week, but whitethorn summation astir each that backmost successful conscionable 1 time Monday. The ETF is up 0.5% premarket arsenic investors get acceptable to person a full raft of economical quality this week.

On Tuesday, the U.S. Bureau of Labor Statistics (BLS) volition study nonfarm payrolls figures for November, giving america our freshest information yet connected the authorities of the jobs market. The U.S. Census Bureau (which is portion of the Commerce Department) volition besides merchandise retail income figures for October -- little important arsenic it volition beryllium arriving a period precocious due to the fact that of the authorities shutdown, and volition not archer america however retail income held up during the shutdown, either.

BLS volition instrumentality 2 days aboriginal to study connected the Consumer Price Index (CPI) for November, an important gauge of the ostentation rate.

• Investors await quality connected jobs market, user sales, and ostentation aboriginal this week.

• iRobot has declared bankruptcy and volition beryllium handed implicit to its Chinese declaration manufacturer.

• A caller survey identified 1 azygous wont that doubled Americans’ status savings and moved status from dream, to reality. Read much here.

Over the weekend, robotic vacuum cleaner institution iRobot (Nasdaq: IRBT) filed for bankruptcy protection. Strangely, the institution couched its announcement successful maturation terms, emphasizing its program to participate into a restructuring enactment statement with its Chinese declaration shaper Shenzhen PICEA Robotics Co., Ltd.

"Picea volition person 100% of the equity interests successful the Company," said iRobot, "which volition delever the Company's equilibrium expanse and alteration iRobot to continue operating successful the mean course, prosecute its merchandise improvement roadmap, and support its planetary footprint."

Receiving little accent is the information that equity shareholders successful iRobot volition beryllium wholly wiped retired arsenic the institution is handed implicit to China lock, stock, and barrel. And the information that iRobot banal volition go debt-free volition beryllium tiny consolation to the tiny investors who realize... they nary longer ain it.

iRobot banal is down much than 70% connected the news, but should astir apt beryllium down 100%.

Most Americans drastically underestimate however overmuch they request to discontinue and overestimate however prepared they are. But information shows that radical with 1 wont person much than double the savings of those who don’t.

And no, it’s got thing to bash with expanding your income, savings, clipping coupons, oregon adjacent cutting backmost connected your lifestyle. It’s overmuch much straightforward (and powerful) than immoderate of that. Frankly, it’s shocking much radical don’t follow the wont fixed however casual it is.