Labor Department Reports Slight Decrease in Unemployment Numbers


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NEW YORK, NY -- Good economic news is hard to find, but that's not slowing down the stock market.

All eleven sectors finished up as it seems investors are no longer worried about a contested election.

The Labor Department reported a slight decrease in the number of Americans filing for unemployment benefits last week. Also, Warner Media announced it would do another round of layoffs that will cost thousands of people their jobs.

The company is looking to cut its costs by 20-percent. And the federal budget deficit for the fiscal year is a record 3.1 trillion-dollars. The Dow Jones Industrial Average was up 122 points to 28-426. The S&P 500 added 27 points to 34-47. And the Nasdaq gained 56 points to 11-421.

Financial Advisor Aquiles Larrea, Jr., Founder and CEO of Larrea Wealth Management talks with 104.7 WONK FM's Jen Richer about what that could mean for your investments.

Aquiles Larrea, Jr., Founder and CEO of Larrea Wealth Management