Dow Average Tops 17,000 as Payrolls Rise Amid ECB Plans
Records set for Dow industrials, S&P after Labor Dept. reports 288,000 new jobs in June and Mario Draghi reveals European stimulus plans.
Prepare for Dow 12,000 if Oil Shock Shakes Market
While an oil supply shock is not a Citigroup report’s “base case,” the ramifications of this “fairly fat tail risk” would be ugly.
Worries Peak on Puerto Rico Utilities Debt After New Bankruptcy Law
After debt-restructuring bill’s passage, bondholders watch to see if the commonwealth's electric utility will make Tuesday payment; two fund companies sue to declare law unconstitutional.
Fed Says Economy Rebounding as It Trims Bond Purchases
The FOMC trimmed bond-buying by $10 billion for a fifth straight meeting, to $35 billion, staying on pace to end the program late this year.
Stocks Gain in May as Nasdaq Rebounds, S&P 500 Hits High
Global equities rise 1.8% for the month, while the Nasdaq 100 soared 4.3%, erasing earlier declines.
U.S. Private Equity Deals Fall From Last Quarter but Continue Overall Rise
While private equity investment volume and fundraising fell from the fourth quarter, they beat the first-quarter results of the last five years.
Payrolls in U.S. Rise Most Since 2012, Unemployment Falls to 6.3%
The jobless rate plunged to 6.3% as companies grew confident the U.S. economy was emerging from a first-quarter slowdown.
Fed Says Economy Has Picked Up as It Trims Bond Buying Further
The Federal Reserve said the economy is gaining momentum as consumers spend more, and said it would continue to trim the pace of bond purchases.
Sales of Existing U.S. Homes Fall for Third Straight Month
Sales of previously owned homes fell in March for the third consecutive month as rising prices and cold weather discouraged would-be buyers.
Fed Minutes Ease Concern on Rate Rise, Lifting Stocks
Several Fed policy makers said a rise in their median projection for the main interest rate exaggerated the likely speed of tightening.