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U.S. stocks fell for the fifth straight day on Thursday following some economic reports that made for positive headlines but were a bit mixed in the details.
Stocks continued their December decline on Wednesday as investors seemed to take mostly better than expected economic reports as reason to believe that the Federal Reserve might soon begin bond tapering.
Stock prices rose on Wednesday, led once again by tech stocks.
Stock prices rebounded on Thursday, rising for the first time this week and sending the Dow Jones Industrial Average to its first close above 16000.
Stock trading started Friday in confused fashion, with share prices putting in their lows for the day around 10:00 EDT, but they ended the day much stronger.
U.S. stocks fell on Thursday, the day after the Federal Reserve said it would continue with its $85 billion a month bond purchase program at least for the time being.
U.S. stock and bond prices fell Wednesday after the Federal Reserve, not unexpectedly, said it would continue with its bond purchases at the current pace of $85 billion a month.
Stocks resumed their upward trajectory on Thursday while bond traders took some profits.
Investors had no qualms about pushing stock prices higher from the open Tuesday, apparently viewing the undershoot in the September employment data – released this morning after a shutdown-related delay of 2½ weeks – as reason to expect the Federal … Continue reading
Stocks soared more than 2% on Thursday as Congress and the White House appeared close to an agreement to allow the government to continue to borrow money for at least another month.