As the S&P 500 approaches its all-time high at 1576, some global markets (like the BRICs that I mentioned yesterday) have shown disproportionate weakness. But the U.S. has been outperforming the world for almost 2 …
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Reuters New claims for unemployment benefits rose last week to their highest level since January, a development that could raise fears the labor market recovery was stalling after job creation slowed in March. Initial claims …
Continue readingMarketwatch Shares of Goldman Sachs GS +1.11% rose 1.3% in pre-open trade after reporting fourth-quarter profit fell to $1.01 billion, or $1.84 a share, versus $2.39 billion, or $3.79 a share, a year ago. Goldman …
Continue readingWSJ The Dow Jones Industrial Average rose 60 points, or 0.5%, to 12482 on Tuesday, closing at its highest level since July 26. Perhaps more interesting is the blue-chip index has now risen 265 points, …
Continue readingWSJ Economics: 7:00 a.m. ET: MBA mortgage-applications data. Are low rates causing a stampede to the mortgage broker’s office? 8:30 a.m.: PPI for July. Economists think wholesale prices were UNCH after falling 0.4% in June. …
Continue readingTons of economic data in the U.S. this week plus eyes will be on Europe as Angela Merkel and Nicolas Sarkozy get together to try to figure out something to address the growing crisis in …
Continue readingLots of Data in the U.S. and abroad due out this week….(widely anticipated numbers overnight in China, May CPI and PPI…..inflation, inflation, inflation!) Here is a list of the data we are expecting here …
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