U.S. stocks and Treasuries rose, as improving economic data offset concerns that the Federal Reserve will cut monetary stimulus as soon as next month. The euro strengthened after German business confidence climbed to the highest in more than 1 1/2 years.
Investors who expect Foot Locker Inc. to rebound after falling the most in five months yesterday should buy bullish options on the largest U.S. athletic shoe store chain, Susquehanna Financial Group LLLP said.
Chief executive officers at companies ranging from Honeywell International Inc. to JetBlue Airways Corp. said that a prolonged shutdown of the U.S. government has the potential to jeopardize the economic rebound.
Foot Locker Inc. , the largest U.S. athletic shoe store chain, surged to its highest in New York trading in more than three years after reporting third-quarter earnings that topped analysts’ estimates.
Thank you, Michael Holland, founder of www.thehollandfund.com, for providing a little perspective this morning on Bloomberg Surveillance as Dow Jones Industrial Average futures traded down 145 points and European markets fell amid trading volumes that were 20 percent above average.
Freeing companies from a U.S.- government mandate to offer employees health care is setting off a chain of events that may enlarge the pool of uninsured Americans. That may be good for President Barack Obama’s health- care overhaul.