Dollar Up, Treasuries Fall On U.S. Economic Expansion
Global equities pared gains, the dollar rallied and Treasuries fell after reports showed the Federal Reserve’s preferred measure of inflation rose and the pace of U.S. economic expansion exceeded forecasts. The Standard & Poor’s 500 index trimmed a second weekly increase, after the benchmark fluctuated throughout Friday. The dollar strengthened for a third day versus the yen, while yields on 10-year Treasury notes topped 1.75...
Stocks Soar to Finish A Tough Month
New York — Stocks soared on the last trading day of January, with Microsoft, Visa and other tech stocks making the biggest gains in a broad market rally Friday. Indexes rose throughout the day and finished with their biggest gains in about five months. Asian stocks jumped after the Bank of Japan moved to stimulate the economy, and European markets also rose. In the U.S., tech stocks climbed following strong quarterly results from...
Stocks End Mixed Despite Jobs Data
New York — Stocks had a mixed reaction Friday to the surprisingly strong October jobs report as investors adjusted to the prospect of higher interest rates as early as next month. While the major indexes, on the surface, had a muted reaction to the jobs numbers, a look at the individual parts of the market showed investors were actively reshuffling their portfolios. Dividend-paying stocks, which are typically bought for their...
S&P Ends Up 8.3% For the Month
New York — U.S. stocks faded late in October’s final session, paring the strongest monthly gain since 2011 as financial and consumer staples shares retreated. The S&P 500 declined 0.5 percent to 2079.36, with the gauge up 8.3 percent for the month. Stocks are also extended to five their longest streak of weekly advances this year. The Dow Jones industrial average closed at 17,663.54, up 16.84 for the week. “Recent Fed comments...
Worker Pay in U.S. Climbed at Faster Pace in Third Quarter
Washington — Wages and salaries rose in the third quarter at a faster pace as the U.S. labor market continued to make progress. The 0.6 percent advance followed a 0.2 percent increase in the previous quarter that was the smallest in data going back to 1982, a Labor Department report showed Friday. The employment cost index, which also includes benefits, also rose 0.6 percent, matching the median forecast in a Bloomberg survey....
