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Category Archives: The U.S. Dollar
It was a brutal week for stocks, the worst in seven months, and Friday was the worst day for the Dow since June 20 and was especially bad for emerging markets.
U.S. stocks spun their wheels for the most part Friday, with the Dow, S&P 500 and NASDAQ registering small losses in a day of quiet trading and limited volatility.
Citing improvement in the economy and the job market, the Federal Reserve somewhat unexpectedly decided Wednesday to begin its long-awaited tapering.
Stock prices continued their march higher, surpassing previous record levels and propelling 2013 stock returns further into double-digit territory.
Global stocks closed modestly lower in uneventful trading Monday to start the week.
The rally in U.S. stocks lost a bit of steam Thursday as shares pretty much ran in place for a second day.
Stocks celebrated the third anniversary of the current bull market with slight gains on Friday, as two of the three major indexes managed to wipe out all of Tuesday’s losses and close higher for the week.
The Dow Jones Industrials flirted with 13000 again today, looking for a while as if it might make a late-session rush at that milestone last hit in May 2008 but never quite completing its move – but finishing the day … Continue reading
The markets ended the week on a quiet but mostly upbeat note, as investors seemed to believe – at least for the day – that the Greek bailout package may be agreed upon as early as next week.
Ben Bernanke faced the questioning of the House Committee on Financial Services today, and for a while the stock market appeared to like what he had to say.