Dan Veru, chief investment officer at Palisade Capital Management, says the Standard & Poor's 500 Index will hit its 2012 peak this month and will continue rallying until the November presidential election. Veru talks with Bloomberg's Kathleen Hays and Vonnie Quinn on Bloomberg Radio's "The Hays Advantage."
Stocks rallied amid growth in U.S. home sales, better-than-forecast earnings and speculation the European Central Bank will cut interest rates. U.S. equities recovered after briefly erasing gains following a false report of explosions at the White House.
U.S. stocks slumped, sending the Standard & Poor’s 500 Index down for a third straight day, amid concern Europe’s debt crisis is worsening and after United Parcel Service Inc. lowered its earnings forecast.
U.S. stocks gained, sending the Standard & Poor’s 500 Index to the biggest two-day increase since January, and Treasuries fell after a better-than-estimated jobs report signaled the economy continues to expand. The dollar climbed and oil rose.