The S&P 500 is up 23 percent for the year, which is within one percentage point of a 23.5 percent gain in 2009 and not far off of the high for the decade of 26.4 percent in 2003.
HSBC’s flash Purchasing Manager’s Index (PMI), due out tomorrow, is expected to show that China’s manufacturing sector contracted in October — slipping to a score of 49.8, when a score of 50 indicates expansion.
Drug maker Eli Lilly and Co. reported better-than-expected third-quarter earnings today.
Warren Buffett’s Berkshire Hathaway returned to the top of the investing pack this year, beating out flailing Apple shares as the favorite stock of American and Canadian multimillionaires.
If you’ve followed the S&P 500 at all this year, then you probably know that Netflix is the largest appreciating stock in the index.
In its monthly report, the Bundesbank warned that housing prices in urban areas of Germany “are difficult to justify based on fundamental factors.”