The S&P 500 has come to a major postelection crossroads
All-time highs were made, but not with the broad market participation you want to see.
All-time highs were made, but not with the broad market participation you want to see.
Friday’s stronger-than-expected economic data, combined with fresh remarks from Federal Reserve Chairman Jerome Powell on Thursday, were adding up to a shift in market participants’ thinking about how much lower interest rates can go starting next year.
The policy-sensitive 2-year Treasury yield edged higher after 3 p.m. Eastern time on Thursday, following fresh comments from Federal Reserve Chair Jerome Powell that indicated the central bank isn’t in a hurry to cut interest rates again.
“I’ve thought about CDs, money-market and mutual funds.”
Networking company sees a 20% boost in product orders for the latest quarter.
Using celebrity endorsers like Bill O’Reilly and buying ads targeting conservatives and immigrants, a New Jersey real-estate investment company promised huge returns but stole millions.
Yields on U.S. government debt finished at their highest levels since July on Tuesday as traders clung to expectations that President-elect Donald Trump’s policies will lift economic growth and boost inflationary pressures.
Oil futures finished higher on Tuesday, recouping a small portion of back-to-back losses driven by worries about the prospects for demand, which contributed to a retreat in the U.S. benchmark below the $70-a-barrel threshold.
Oil futures settled at their lowest in nearly two weeks Monday following disappointing economic data from China, the world’s largest crude importer, and expectations for higher U.S. production once President-elect Donald Trump takes office.
Bristol Myers Squibb Co. shares surged 12.5% Monday after rival AbbVie Inc. reported disappointing results from the trial of a new schizophrenia drug.