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Category Archives: Debt and Deficits
U.S. stocks were weaker across the board on Wednesday, with all of the major indexes ending in the red after trading in negative territory all day.
Thanks to a late afternoon rally, U.S. stocks rose on Monday, avoiding a third straight day of decline.
On a day with little in the way of economic news and stocks mostly higher in Europe and Asia, U.S. stocks dropped sharply on Monday, their worst day by far this year and their biggest losses in more than two … Continue reading
Stocks continued their rally Thursday following President Obama’s early morning signing of a bill reopening the government (through January 15) and suspending the federal debt ceiling (until February 7), with the S&P 500 closing at a new high.
U.S. stocks were narrowly mixed on Monday to start the week.
Stock prices continued their march higher, surpassing previous record levels and propelling 2013 stock returns further into double-digit territory.
All three major U.S. stock indexes closed higher Wednesday for the second straight day led by technology stocks, although the main event took place after the close as Apple stock dropped sharply following a disappointing earnings report.
Stocks finished Friday little changed, consolidating recent gains that have propelled the S&P 500 to a five-year high.
Stock prices jumped roughly 2% Thursday, reaching multi-year highs on this morning’s announcement that the European Central Bank will begin buying bonds of the lesser credits among Europe’s sovereigns.
Renewed fears about European debt, particularly in Spain, sent U.S. stock prices lower on Friday to end an otherwise positive week.