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Category Archives: Leading Indicators
The U.S. stock market rally continued into the new week, with equity prices mostly higher for a fifth day on Monday.
A slate of mostly upbeat U.S. economic reports helped lift stocks on Thursday and put Wednesday’s Federal Reserve comments about higher interest rates in the rearview mirror.
U.S. stocks got off to a weak start on Thursday following another negative report on the Chinese economy and a disappointing earnings report from Walmart but moved higher the rest of the day to close solidly in the green.
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.
After trading in negative territory for most of the morning, the Dow Jones Industrial Average eked out an 11-point or 0.1% rise Thursday to stretch its record run to 16179.
Stock prices rose on Wednesday, led once again by tech stocks.
The main U.S. stock market indexes were widely mixed on Wednesday, ahead of Thursday’s report on third quarter GDP.
U.S. stocks and bonds took a bit of a breather on Thursday following Wednesday’s big rally sparked by the Federal Reserve’s unexpected announcement that it has no immediate plans to start tapering its big bond purchasing program.
Despite a computer glitch that halted trading on NASDAQ-listed stocks for more than three hours Thursday afternoon, U.S. stocks were higher thanks to a stream of positive economic reports from the U.S., Europe and China.
The Dow and the S&P 500 hit new record highs on Thursday, boosted by some good corporate earnings reports – at least before the close – and continued bullish feelings following Fed chairman Ben Bernanke’s Congressional testimony.