Jobless Claims Fall to 198,000

This has been a dull week so far for the stock market. This morning’s jobless claims report came in at 198,000. That’s near the 52-year low we said three weeks ago when jobless claims were 188,000.

The futures market now sees a 60% chance of a Fed rate hike by its March meeting.

Here’s something I was looking at so I thought I’d share it with you. Illinois Tool Works (ITW) has increased its dividend for 50 straight years. The dividend has gone from 3 cents per share in 1993 to $1.22 now.

Here’s what the growth of ITW’s dividend looks like:

Posted by on December 30th, 2021 at 9:28 am


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