S&P Record Is a Show of Faith in Fed
The index's recovery reflects a growing belief that the Fed's support for markets will overcome modest U.S. growth and lingering economic and political weakness in Europe.
Bernanke, Fed send stocks broadly higher
Despite turmoil in Europe, a pledge to stay the course with low interest rates buoys equities
Found more than 1 month ago on channel CBS
Before the Bell: Dow industrials, U.S. economy, Groupon in focus
Wall Street is pointing gently higher on Thursday, with the Dow Jones Industrial Average starting the day less than 100 points from its record level. The U.S. economy ticked higher in the fourth quarter. Europe markets benefitted from defenses of loose monetary policy from both Fed chief Bernanke and ECB chief Draghi. Groupon shares are lower in the premarket after the daily-deals site’s earnings missed expectations.
Before the Bell: Italy vote, U.S. budget talks, Fed in focus
Wall Street was pointing higher, following on from rallies in Asia and Europe, as investors awaited the outcome of Italy’s election, U.S. budget-sequester discussions, and remarks from the Fed. Japan is expected to name Haruhiko Kuroda to lead the central bank; the yen fell on the reports. Precious metals are broadly and sharply higher.
Before the Bell: Fed call, GDP, ADP report in focus
U.S. stock futures indicate a soft open on Wall Street, after weak fourth-quarter numbers for economic growth disappoint investors. Equity markets are also lower in Europe, while rallying Japanese shares close at a 33-month high.