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Category Archives: Savings and Consumer Spending
U.S. consumers increased their savings in May – which is not necessarily a bad thing – but consumer spending declined in real terms for a second month running – which is at least a little troubling. Personal income rose 0.4% … Continue reading
Stocks finished the final trading day of May on the uptick, with the S&P 500 advancing 0.2% to a new high. The Dow gained 18 points or 0.1% to 16717, and that was just enough to eclipse its mid-May peak … Continue reading
On a day when most of the world’s markets were closed for the May Day holiday, U.S. stocks finished narrowly mixed on Thursday.
As it has for most of this week, stocks started strong today only to give up gains in afternoon trading, except that on Friday prices firmed near the close and ended in positive territory for the day (although not for … Continue reading
Despite two days on which the Dow climbed an average of 100 points, three days of declines averaging more than 125 points took the Dow down 180 points or 1.1% in the final week of January.
The global stock rally continued into Christmas week on Monday, boosted by positive U.S. economic reports, upbeat comments by the head of the International Monetary Fund about American economic growth, and a big gain in the price of Apple Inc. … Continue reading
Last week’s market euphoria over the Federal Reserve’s reluctance to begin tapering its bond purchase program gave way this week to investor concerns about the federal budget and the debt ceiling.
U.S. stocks finished off their worst month of the year on Friday with another down day, but the S&P 500 and NASDAQ remain in the black so far in the third quarter, and most stocks still sport double-digit returns after … Continue reading
A weaker than expected July payroll report sent U.S. stocks down initially on Friday, but prices quickly rebounded and continued to increase the rest of the day.
The global stock market rally continued into a third straight day on Thursday, helped by some positive reports on the U.S. economy.