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Category Archives: Daily Advantage
In a “good news is bad news” situation, solid economic news—including a much better-than-expected private-sector jobs report—led to speculation that the Federal Reserve would begin tapering its bond-buying program at its upcoming December meeting, a prospect that helped send stocks … Continue reading
Online sales were strong on Cyber Monday but not enough to counter investor pessimism about a potentially weaker holiday shopping season. Other investors were awaiting this week’s big employment report as a guide to whether the Federal Reserve will begin … Continue reading
Reports showed that manufacturing continued to pick up in November, while public construction spending was higher than thought during the government shutdown. The holiday shopping season, meanwhile, might have gotten off to a slow start, with a first estimate showing … Continue reading
A bounty of better-than-expected economic reports gave investors plenty to digest before the Thanksgiving holiday. The Dow added 24 points and the S&P 500 Index gained 4 to close at record highs; the Nasdaq rose 27 points. Nineteen of the … Continue reading
U.S. stocks rose, sending the Nasdaq to close above 4,000 for the first time in 13 years on strong housing market data. The Dow and the S&P 500 Index ended nearly flat, gaining 0.26 and 0.27 points, respectively, while the … Continue reading
The Dow and the S&P 500 Index reached round numbers late last week, and the Nasdaq struggled to make its own mark today by trading above 4,000 for the first time in 13 years. But at the end of the … Continue reading
One day after the Dow broke through 16,000, the S&P 500 Index marked its own milestone by closing above 1,800 for the first time. The Dow gained 54 points to close at a new high. The S&P 500 Index rose … Continue reading
The confirmation of Federal Reserve Vice Chairwoman Janet Yellen as the next head of the Federal Reserve moved one step closer today, as the Senate Banking Committee voted 14-8 to send her nomination to the full Senate. Stocks rose, with … Continue reading
A spate of economic reports out today indicated that the partial government shutdown in October didn’t hurt the economy as much as had been feared. Minutes from the latest Federal Open Market Committee, however, showed that the Fed was considering … Continue reading
Mixed earnings reports and debate about market valuations as the Dow and the S&P 500 Index approached new highs kept the major indexes meandering around the breakeven point, eventually closing modestly lower. The Dow was off 8 points, with 16 … Continue reading