Jobless Claims Come in at 207,000

This morning’s weekly jobless claims report was 207,000. That’s up 7,000 from last week but it’s still quite low. It was above expectations of 195,000.

The stock market turned very weak yesterday after the Fed minutes came out. Investors found the minutes to be more hawkish than expected. I’m not sure that that should have been a surprise.

The market is flat so far this morning, but Energy stocks are doing quite well.

This morning, Stryker’s (SYK) said it’s going to buy Vocera Communications (VCRA) for $79.25 in cash. The stock closed yesterday at $62.52 per share. Shares of Stryker are down a bit. The deal values Vocera at $2.97 billion.

Kevin Lobo, Stryker’s CEO, said, “Vocera will help Stryker significantly accelerate our digital aspirations to improve the lives of caregivers and patients.”

Posted by on January 6th, 2022 at 9:56 am


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