U.S. stocks rose, briefly sending the Standard & Poor’s 500 Index to a record, after health-care shares jumped on a smaller-than-forecast cut in Medicare rates and EBay Inc. climbed as Carl Icahn urged the spinoff of PayPal.
U.S. equities rallied, with the Standard & Poor’s 500 Index touching an intraday record and all but erasing its 2014 decline, amid confidence the economy is strong enough to weather cuts to monetary stimulus. Commodities gained while Ukrainian shares jumped the most since 2010.
The Federal Reserve has made it clear that short-term rates are on lockdown until the unemployment rate drops from its current 7.6 percent to 6.5 percent. That gives ammo to money managers who say "cash is trash." A federal funds rate stuck near zero means cash will continue to deliver negative real returns for some time.
U.S. investors are increasingly buying structured notes tied to European stocks in preference to domestic equities as the area emerges from recession while the Federal Reserve prepares to slow asset purchases.
U.S. stocks fell, after a two-day advance in the Standard & Poor’s 500 Index, as corporate earnings reports disappointed and European policy makers warned the euro’s advance could hamper the region’s recovery.
U.S. stocks fell, following the longest rally for the Standard & Poor’s 500 Index since 2004, as a drop in pending home sales overshadowed a rise in durable- goods orders while investors watched earnings.
U.S. stocks rose, giving benchmark indexes their biggest advance in seven weeks, as reports on employment and manufacturing topped estimates while consumer confidence climbed in October to a more than four-year high.
U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding from last week’s decline, as investors weighed economic data with the prospects for stimulus cuts ahead of this week’s Federal Reserve policy meeting.