Weak Housing, Confidence Data Prevent Stocks from New Closing High (Bloomberg)
Slow home price growth and a consumer confidence drop lowered stocks today, preventing the S&P 500 from achieving a new record closing high. “We’re kind of teetering with the new all-time high,” Ryan Detrick, senior technical strategist at Schaeffer’s Investment Research in Cincinnati, said. “People are taking a step here and watching to see if we can get there again.” Others note there is reason for hope. “The market has done extremely well in February,” Doug Cote, chief market strategist at ING U.S. Investment Management in New York, said. “2014 is more of a recognition that we’re in a global economic expansion and no longer a recovery.”
“There’s more wisdom in your book than four years of college education!” -- Subscriber Back…
There is a famous saying that has been floating around the internet regarding the “Five…
Today is May 1, a day that’s also known as “May Day” in many countries…
Ten reasons to day-trade with mentors in a virtual room highlight why now is a…
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…