Wall Street stocks closed mixed on Tuesday with early gains pared after the lowest U.S. consumer confidence data since June took the wind out of a rally spurred by upwardly revised U.S. economic growth, dragging down the U.S. dollar in the process. U.S. oil prices fell 2.5 percent to near four-year lows after a meeting between OPEC members Saudi Arabia and Venezuela with non-OPEC producers Russia and Mexico resulted in no deal to curb output to counter a 30 percent slump in prices since June.
Chaos returned to the streets of Ferguson after a grand jury declined to indict a white police officer in the death of Michael Brown - a decision that enraged protesters who set fire to buildings and cars and... Smoke billowed from burned-out buildings and sidewalks were strewn with broken glass Tuesday morning after Ferguson erupted over a grand jury's decision not to indict a white police officer in the killing of unarmed... About 100 protesters, including many clergy members, are protesting in the streets of the St. Louis suburb where it was announced that a grand jury had decided not to indict a Ferguson police officer in the death... About 100 protesters, including many clergy members, are protesting in the streets of the St. Louis suburb where it was announced that a grand jury had decided not to indict a Ferguson police officer in the death of... By JUSTIN PRITCHARD Associated ... (more)
With the bull market for stocks just a few months shy of celebrating its sixth anniversary, it's understandable why market skeptics are plentiful. In his article, Browning quotes Savita Subramanian, head U.S. stock strategist at Bank of America Merrill Lynch, who says that Wall Street caution "is one of the main reasons we are bullish" on stocks.
NEW YORK - For the first time since the 2008 financial meltdown , small investors are returning to the stock market. As the S&P 500 and Dow Jones Industrial Average indexes surged to record highs in November , new data from TheStreet.com shows it's not just the fat-cats on Wall Street who are pocketing the windfalls.
The stock market eked out another record close Monday as investors remained confident that stimulus from central banks would revive global growth. Retail stocks rose ahead of the crucial holiday season.
That's according to Dennis Moon, head of Specialty Asset Management at U.S. Trust, a division of Bank of America, whose job it is to find, manage, and log plots of trees for the firm's well-healed clients. Ever since the financial crisis, business is booming, as rich families have worked tirelessly to diversify their investments beyond traditional stocks and bonds.
The Toronto stock market headed for a positive start to the trading week as buying sentiment already improved by China's surprise interest rate cut was further lifted by a strong showing in business confidence in Germany. New York futures were higher at the start of a shortened week with U.S. markets closed Thursday for Thanksgiving and open for a half-session Friday.
The U.S. stock market opened with small gains on Monday, keeping major indexes at record levels. Renewed confidence that stimulus measures from global central banks will help spur economic growth is supporting demand for stocks.
U.S. stocks rose in early trading in line with gains from Asian markets and thanks to improvement in German business confidence. The Standard & Poor's 500 index rose six points, or 0.3 percent, to 2,069 as of 9:35 a.m. Eastern time Monday.
U.S. stock index futures rose on Monday, indicating that major indexes would move further into record territory, on the back of multiple merger deals and hopes that China will take further accommodative monetary policy action. Equities closed a fifth straight week of advances Friday, with the Dow and S&P 500 ending at closing records on the back of accommodative action from central banks in China and Europe.