TheStreet’s J.D. Durkin brings you the biggest news of the day, including how the market fared and why 30 million Americans are owed money the probably don’t now about.
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00:00 I'm JD Durkin reporting from the floor of the New York Stock Exchange.
00:03 Stocks were in the green to close out this Friday trading session.
00:06 The Dow closed up 133 points.
00:09 The tech-heavy Nasdaq closed up 1.7 percent while the S&P 500 closed just over 1 percent
00:15 higher.
00:16 Investors are continuing to react, of course, to the shockingly strong January jobs report,
00:21 which showed that the U.S. economy added 353,000 jobs in January, yet another sign of a robust
00:28 job market.
00:29 Investors also reacting to meta earnings.
00:31 The stock witnessed a double-digit pop on Friday after reporting better-than-expected
00:35 results in its fourth quarter.
00:37 Investors are looking ahead to another busy week of earnings.
00:40 Pinterest, Snap, Disney, Spotify and several others all set to release quarterly results
00:45 next week.
00:46 In other news, millions of Americans have unclaimed cash or assets they might not even
00:50 know they're actually entitled to.
00:53 According to the National Association of Unclaimed Property Administrators, more than 30 million
00:58 people have property that they've either forgotten about or never even knew they had.
01:03 This can include money from inactive bank accounts, checks that were sent to a previous
01:07 address, payouts from someone else's life insurance policy, or even uncashed paychecks.
01:13 The NAUPA has a website set up for Americans to see if they have, in fact, unclaimed property.
01:19 Just head on over to unclaimed.org/search and search the state you live in or previously
01:25 lived in.
01:26 Enter your name in the search box to see if you have any unclaimed property.
01:29 However, if you are looking for a big payday, you might want to temper those expectations
01:34 just a bit.
01:35 In 2022, more than $4 billion in unclaimed property was returned, but divided by 30 million
01:40 people, that comes out to an average of just $133 a person.
01:46 That'll do it for your daily briefing.
01:47 From the floor of the New York Stock Exchange, I'm J.D. Durkin with The Street.
01:50 Thanks.
01:50 [end]
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