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All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.
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REUTERS/Jonathan ErnstWASHINGTON, Feb 6 (Reuters) - Private companies have committed to invest $4.2 billion in northern Central America as part of an effort by U.S. Vice President Kamala Harris to reduce migration by targeting economic development, the White House said on Monday. In her remarks on Monday, Harris said migrants come to the United States to flee harm or because they cannot meet basic economic needs. Before a meeting with U.S. officials and private sector representatives, Harris announced a new phase of the effort called Central America Forward, which will focus on broader economic development, corruption and labor rights. Arrivals from northern Central America have steadily declined following a sharp rise in 2021 after Biden took office. Reporting by Ted Hesson in Washington; Editing by Mica Rosenberg, Chizu Nomiyama and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.
WASHINGTON, Feb 6 (Reuters) - Private companies have committed to invest $4.2 billion in northern Central America as part of an effort by U.S. Vice President Kamala Harris to reduce migration, the White House said on Monday. Harris focused her efforts on addressing the factors that led migrants to leave the three countries, known as the northern triangle, including a lack of economic opportunity. Corruption and governance concerns in the three nations have limited the effectiveness of the Harris push, leading to the cancellation or suspension of projects likely worth millions of dollars. Arrivals from northern Central America have steadily declined since mid-2021. Reporting by Ted Hesson in Washington; Editing by Mica Rosenberg and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
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