Yellen’s Nomination as Fed Chair Lifts U.S. Stocks (Bloomberg)
The S&P 500 finished up by 0.1% today, after two straight down days. The rebound followed President Obama’s nomination of Janet Yellen today to become Fed chair. He also offered talks with Republicans if they avert the debt-limit crisis. Economists and global economic leaders agree a U.S. debt default would be devastating for U.S. and global economies. “Today’s reaction is favorable based on Yellen’s nomination, and secondly there seems to be some thawing of the rhetoric which sets the stage for a resolution that could come before the deadline,” said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management.
I’m sure you’ve heard the idiom, “big things come in small packages.” Well, this can…
I pulled up to my local Starbucks the other day in my not-so-subtle, python green…
Three industrial infrastructure stocks to buy will benefit as defense and aerospace demand flies high…
There is a growing potential that the stock market is and could be more bifurcated…
As the Middle East stands on the edge of even bigger troubles, President Joe Biden's…
Options can be divided into two broad categories: American-style options and European-style options. These two…