Stocks Rebound on Earnings; Now Positive for the Week (Bloomberg)
Both estimate-beating earnings and a rise in consumer spending lifted the S&P 500 today, as it erased the losses accrued earlier this week. “Given this momentum and recent sharp declines in the unemployment rate, the Federal Reserve looks justified in its decision to continue to taper bond purchases yesterday,” David Kelly, the chief global strategist at JPMorgan Funds in New York, said. “Assuming that the current volatility in emerging markets subsides, this report should bolster the case for both higher interest rates and higher stock prices.”
Last year’s fourth-quarter downtrend for inflation looks to have bottomed out at just under the…
The intrinsic and extrinsic value of an option make up the total value of the…
Picture this: You've diligently saved for retirement your whole career, dutifully contributing to your 401(k),…
“Congratulations on your work. It has been a long slog to get the national accounts…
The broken wing butterfly and the butterfly spread are two different types of option trading…
The bear call spread and the bear put spread are option strategies used when an…