Emerging market stocks rose to a 13- month high while Treasuries fell amid optimism about growth in China and the U.S. The Standard & Poor’s 500 Index closed little changed following a four-day rally, while the yen gained.
Life is looking up for Marco Ruiz, whose four months of unemployment ended in December when a landscaping company in Dallas hired him at $9.50 an hour, with small raises since then and a promotion two weeks ago.
The Treasury market’s yield curve steepened this week by the most in almost eight months after Federal Reserve Chair Janet Yellen eased investor concern that policy makers would accelerate interest-rate increases.
At one point in last night’s NFL draft, probably sometime after Central Florida quarterback Blake Bortles was taken with the third pick and before Texas A&M quarterback Johnny Manziel was selected 22nd by Cleveland in a stirring turn of draft day deal-making -- maybe it was right around the time two of Manziel’s teammates were drafted ahead of him (back to back, with the sixth and seventh picks) -- the camera flashed to Manziel with his head in his hands, and one of the announcers on the broadcast said, “This is shoulder-chip building time,” or words to that effect.