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Category Archives: Federal Reserve
Although they gave up some of their early price gains as Fed Chairman Janet Yellen testified to the House Financial Services Committee on Wednesday, stocks rallied in the afternoon and closed with decent gains. The Dow was up 0.5% today … Continue reading
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. stocks ended a two-day skid while Treasury bonds kept their winning streak alive for a third day on Wednesday as the Federal Reserve provided more clarity about the ending of its quantitative-easing bond purchasing program.
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
Stocks gained back some of their Wednesday-Thursday losses on Friday. The risks that Iraq and oil prices appeared to pose to markets on Thursday were, rightly or wrongly, minimized today. The Dow gained roughly 40 points or 0.2% Friday, spending … Continue reading
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.
U.S. auto sales easily beat market projections in May, climbing 5% above April’s sales rate and 8% better than the May 2013 level, according to Ward’s Automotive. Sales of cars and light trucks reached a seven-year high in May, some … Continue reading
Stocks were broadly higher on Wednesday to get back on the winning track following Tuesday’s losses.
Led by a weak retail group, U.S. stocks were broadly lower on Tuesday, their first decline in three sessions.
U.S. stocks were mixed on Wednesday, with tech stocks once again under selling pressure and value and blue-chip stocks moving higher.