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Category Archives: Europe
Worsening global headlines and a weaker than expected report on U.S. consumer spending and income failed to dampen investor moods on Friday, sending the major indexes to their best monthly gains since February.
Concerns about escalating hostilities between Ukraine and Russia and the Middle East situation trumped a bevy of upbeat U.S. economic reports, knocking stock prices down on Thursday.
European bond yields fell to fresh lows on Wednesday on speculation that the European Central Bank is getting closer to initiating an asset purchase program along the lines of the QE programs that the central banks of the U.S., U.K. … Continue reading
It didn’t make it by much, but the S&P 500 closed above 2000 – 2000.02 to be exact – for the first time ever on Tuesday.
The S&P 500 closed at an all-time high of 1998 on Monday, 27 years to the day after it hit what was then a record high of 337. Over 27 years, this near sextupling of stock prices equates to a … Continue reading
The Good: U.S. economic data released this past week were almost uniformly good, indeed, better than expected in most cases. The Atlanta Federal Reserve’s “GDPNow” rules-based GDP forecaster has bent up from an early August indication of 2.6% GDP growth … Continue reading
On a day dominated by economic reports – positive in the U.S., negative in the euro zone and China – global stocks were mostly higher on Thursday.
U.S. stock prices started the new week to the upside with gains on the order of 1% for the big-cap stock market averages and gains approaching 1.5% for small-cap indexes. NASDAQ hit a 14-year high, rising 1.0% for the day, … Continue reading
U. S. stocks closed mostly mixed on Friday and up for the week, but bonds grabbed the spotlight.
U. S. stocks were higher again on Thursday despite mounting evidence of a slowing global economy.