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S&P 500 flirts with record high

The summer stock market swoon seems like ancient history. The Standard & Poor’s 500-stock index is on the cusp of yet another record closing high. 246 more words

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Fed minutes, Yellen words could offer clues to rate-hike timing

Move over President Putin, the Janet Yellen-led Federal Reserve is about to nudge you off the front pages. Starting Wednesday, Wall Street’s focus will turn back to the continuing saga of when — and how fast — the Fed will raise short-term interest rates, currently pegged at a historic low of 0% to 0.25%. 246 more words

Markets

'Smart money' hedge funds flunk performance test

If grades were given out to hedge funds, often dubbed the “smart money,” for their recent investment performance, they’d probably get a “C.”

Indeed, these secretive investments favored by the wealthy and institutional investors have trailed the performance of the benchmark Standard & Poor’s 500-stock index in 2014 — thru the end of July — as well as in the past 12 months, according to preliminary July data compiled by Preqin, a supplier of data, analysis and intelligence services to the alternative assets industry. 239 more words

Markets

Housing-related stocks pop on upbeat data

Housing-related stocks climbed a few extra floors Tuesday, after Home Depot topped profit targets and homebuilders said they broke ground on more homes than expected last month. 244 more words

Markets

Wall Street expects housing starts rebound

A healthy housing market is pretty much a requirement for the ongoing healing of the U.S. economy.

That’s why Monday’s upbeat reading on builder confidence in August equated to a major plus. 240 more words

Markets

3 reasons why the Dow's back in rally mode

The Dow had a big up day on Monday. How big? It closed up more than 175 points. What’s got the bulls all fired up on Wall Street? 347 more words

Markets

Nasdaq surges to highest level since March 2000

The long road back toward Nasdaq 5000 continued anew Monday, with the tech-packed Nasdaq composite rallying to a fresh 14-year high, hitting its best level since March 31, 2000. 468 more words

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