Originally published January 3, 2014 at 6:16 AM | Page modified January 4, 2014 at 3:16 AM
NEW YORK — After last year’s big party in the stock market, 2014 is starting off with a nagging hangover.The Standard & Poor’s 500 index edged a fraction of a point lower on Friday, beginning a year with a two-day […]
by FS Staff“So the Fed kept filling up the punch bowl and instead of going into inflation of goods prices, it went into an inflation of asset prices. That’s inflation in the same way, but it’s not called inflation. So if the stock market goes up and doubles, we don’t say, ‘Oh, my God-there’s been inflation!’ Or, if housing prices […]
For weeks, the question of whether or not the Fed would begin tapering their QE program was the focus of the stock market.
After each and every economic report, the issue was always the same: Was good news bad for stocks because it meant the Fed would start pulling the punch bowl? Or was good news actually good because it meant […]
Stocks moved higher on Wednesday, even after a reduction in monetary stimulus measures was announced by the Federal Reserve. The Fed said it was certain the economy was strong enough so that it could effect a modest taper to its stimulus program. The Dow and S&P 500 also finished at new record highs on the day. All the sectors in […]
Submitted by Simon Black of Sovereign Man blog,This morning I woke up bright and early to participate via the Internet in a live auction that was being held halfway across the world.The Hong Kong branch of Spink & Son, a British firm originally founded in the mid-1600s, was putting a series of Bruce Lee memorabilia under the hammer. And […]
Dismal earnings numbers from Campbell Soup and a cautious profit forecast from Best Buy dragged the major indices into negative territory on Tuesday. The Dow moved away even further from the milestone level achieved on Monday. The S&P 500 incurred its first two consecutive days of losses this month. Meanwhile, Federal Reserve Chairman Ben Bernanke said the central bank will […]
By Ben LevisohnAfter a tentative response to Janet Yellen’s opening comments to the Senate, stocks have moved higher, helped by surging homebuilders PulteHome (PHM) and Lennar (LEN).
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The S&P 500 has gained 0.3%, while the Dow Jones Industrial Average has risen 0.2%. The S&P 500 is being led higher by oil refiners–Valero Energy has gained 4.5% to $43.10 and Marathon Petroleum […]
