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Category Archives: Economy
U.S. stocks finished mostly lower on Tuesday as Federal Reserve Chair Janet Yellen told Congress that the economy remains soft but that the Fed would remain accommodative.
U.S. consumers increased their savings in May – which is not necessarily a bad thing – but consumer spending declined in real terms for a second month running – which is at least a little troubling. Personal income rose 0.4% … Continue reading
U.S. stock market investors ignored the Commerce Department’s final revision of first quarter GDP to an annualized drop of 2.9%, making it the worst quarter of economic activity in five years.
Stock and bond prices rose Wednesday following the release of the Federal Open Market Committee’s post-meeting statement on monetary policy. Federal Reserve officials made some tweaks to their growth and inflation forecasts, but nothing major. A changing mix of forecasters … Continue reading
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.
U.S. stocks were modestly higher and international markets narrowly mixed on Wednesday as investors and traders bided their time ahead of Thursday’s European Central Bank meeting and Friday’s U.S. employment report for May.
Undeterred by a revised first-quarter GDP figure that was even worse than already lowered expectations, U.S. stocks rose higher on Thursday.
The major U.S. stock market averages increased 0.3% Wednesday, enough for the Dow Jones Industrial Average to eke out an all-time high of 16581, where it is up 0.7% for April and up microscopically (0.03%) for the first four months … Continue reading
U.S. stocks picked up where they left off following Tuesday afternoon’s rally, rising sharply and broadly on Wednesday.
U.S. stocks closed lower Thursday for the second straight day and the fourth time in the past five sessions, although the losses were more modest than those on Wednesday. The Dow Jones Industrial Average ended with a fractional loss after … Continue reading