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Category Archives: Housing
For the third time this week, the S&P 500 tried and failed to hold above its January 15 high.
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.
The Dow Jones Industrials and S&P 500 drifted lower Friday and for the week, on questions of monetary policy and a spate of weaker economic news – possibly on account of the weather.
The major U.S. averages were widely mixed but stock prices mostly higher on Tuesday after reopening following the Presidents’ Day holiday.
U.S. stocks rebounded strongly on Thursday, helped by a fairly robust fourth quarter GDP report and some good corporate news.
Despite an afternoon rally that lifted both the Dow Jones Industrial Average and the S&P 500 into positive territory for a time, the global market selloff in stocks continued into the new week on Monday.
An unexpected contraction in China’s manufacturing sector set off a global drop in stocks Thursday and a flight to high-grade bonds and currencies.
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.
Global stocks ended the next to last day of 2013 narrowly mixed as traders and investors made last-minute tweaks to their positions and awaited the new year.
Stocks closed higher on Tuesday in a Christmas Eve-shortened session on another batch of strong economic reports, which also raised bond yields toward their highest rates of the year.