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Category Archives: Consumer Confidence
The major U.S. stock averages closed mildly in the red on Tuesday following a day of mostly directionless trading amid growing evidence of a limp economy.
After Monday’s afternoon rally fell short of moving the major U.S. averages into the green, stocks were higher on Tuesday.
Fittingly, U.S. stocks ended 2013 on an up note, with the Dow Jones Industrial Average registering its best yearly gain since 1995 and the S&P 500 its best year since 1997.
The global stock rally continued into Christmas week on Monday, boosted by positive U.S. economic reports, upbeat comments by the head of the International Monetary Fund about American economic growth, and a big gain in the price of Apple Inc. … Continue reading
Stock prices rose on Wednesday, led once again by tech stocks.
NASDAQ closed above 4000 for the first time in 13 years on Tuesday, but outside of tech stocks prices were little changed.
The Dow Jones Industrial Average gained 111 points or 0.7% to reach an all-time high of 15680 Tuesday, surpassing by an iota September’s previous peak (15676).
Stock prices rallied again Friday, with the S&P 500 and the Dow each rising 0.4%, bringing the former to a record high and the latter to within roughly 100 points of its September 18 peak.
U.S. stocks were higher again on Friday as the White House and lawmakers in Congress continued to work on a debt limit extension.
Last week’s market euphoria over the Federal Reserve’s reluctance to begin tapering its bond purchase program gave way this week to investor concerns about the federal budget and the debt ceiling.