Economy & Markets
The important economic and stock market news that advisors need to know.
S&P Cuts Egypt’s Rating, Following Other Agencies
By Marlene Y. SatterStandard & Poor’s cut Egypt’s rating on Tuesday by one notch, following similar actions by Moody’s and Fitch Ratings.
January 31, 2011
Markets, ETFs Move Up as Oil Stocks, Prices RiseDue to both the political unrest in Egypt and strong corporate earnings, oil-related funds and stocks strengthened on Monday.
January 31, 2011
Q4 Growth Drives 2010 Equity Returns: IbbotsonTarget maturity funds enjoyed their "second great year in a row," according to the Ibbotson Target Maturity Report for the fourth quarter of 2010.
January 31, 2011
Egypt and Conferences, Jobs and the Senate: Advisor Briefing for the Week of Jan. 31, 2011At home this week, many advisors and their partners will be in Phoenix and San Diego for the FSI and TD Ameritrade conferences, while the markets are likely to be moved by the continuing troubles in Egypt and reports on retail and auto sales and the unemployment numbers at the...
January 31, 2011
Egypt’s Ratings Take Second Blow in Three DaysEgypt, beset by turmoil as protestors seek to unseat President Hosni Mubarak, saw its outlook cut Friday by Fitch Ratings to negative, and on Monday, Moody’s dropped Egypt's rating a notch and changed its outlook to negative as well.
January 30, 2011
In Turnabout, Democrats Say GOP Has Dropped Job FocusRepublicans won dozens of elections last fall after claiming Democrats had focused too little on creating jobs; now GOP lawmakers stand accused of the same charge by Democrats.
January 30, 2011
Spain's Premier Reaffirms Savings Banks SupportSpain's prime minister said Sunday that his government was prepared to continue backing the country's savings banks but called on private investors to step forward in the troubled sector.
January 29, 2011
Markets, Funds Drop on Egypt News, InstabilityThe Dow Jones declined 1.4% on Friday, as Egypt- and Africa-themed funds fell more sharply