In other corporate news, American Express fell 1% after posting lower fourth-quarter results. GE was off 1.4% after the industrial conglomerate reported a drop in quarterly revenue.
Tag Archives | Economy
Analysts said a lack of clarity around Trump’s stimulus plans disappointed some investors who had hoped for more details on tax cuts.
Monday’s downbeat tone came as oil prices swung ahead of a meeting of major oil producers in Vienna.
Investors see a 61% chance of the Fed raising rates in December, up 10 percentage points from a week earlier.
In June, we suggested that the market would go down 5% before it would go up 10%.
Investors are keeping an eye out for signs of strengthening U.S. growth before Yellen’s speech.
SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS | EUROPE & WORLD | TODAY IN HISTORY STOCKS STRUGGLE, DOLLAR RALLIES AHEAD OF FEDERAL RESERVE MINUTES U.S. stocks edged lower while the dollar firmed as investors waited for the minutes from the Federal Reserve’s July meeting. Minutes from the bank’s July meeting are due at 2 […]
SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS | EUROPE & WORLD | TODAY IN HISTORY STOCKS INCH HIGHER ON RETAIL EARNINGS Macy’s and Kohl’s top a low bar, spurring a rally in retail shares. Shares of Macy’s rose 16% as the department-store operator reported stronger-than-expected sales and unveiled plans to close 100 more stores, […]
SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS | EUROPE & WORLD | TODAY IN HISTORY STOCKS HOVER NEAR RECORD HIGHS; DOLLAR BROADLY WEAKER Stocks steadied near record highs while the dollar slipped in quiet August trading. The yield on the 10-year U.S. Treasury note fell to 1.530%. Yields move inversely to prices. In Europe […]
Services purchasing managers’ indexes from Asia to Europe and the U.S. did little clarify the strength of the global economy. Oil prices inched higher Wednesday, with U.S. crude rising 0.9% to $39.87 a barrel. Investors are parsing company earnings to gauge the health of the U.S. economy. Of the 353 S&P 500 companies that have […]