University Of Michigan News
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Treasuries fell in the longest losing streak this year as the economy showed more signs of strength, prompting speculation the Federal Reserve may start to slow the pace of its monetary stimulus.
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U.S. stocks rebounded from yesterday’s drop and the Dollar Index rose to the highest level since July 2010 as better-than-estimated economic data fueled speculation the Federal Reserve will consider scaling back stimulus. Gold extended its longest slump in four years.
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U.S. stocks rose, giving the Standard & Poor’s 500 Index its fourth straight week of gains, as gauges for leading indicators and consumer sentiment advanced more than estimated.
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The Dollar Index climbed to the highest level in almost three years amid speculation the Federal Reserve is moving closer to ending its program of asset purchases on signs U.S. economic growth is improving.
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Treasuries declined after a measure of consumer confidence in May reached an almost six-year high and an index of leading economic indicators topped forecasts, as Federal Reserve officials debate the pace of asset purchases.
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A gauge of U.S. corporate credit risk declined for the third time in four days as measures of consumer confidence and leading indicators climbed.
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Americans’ confidence in the economy climbed in May to the highest level in almost six years as rising real estate values and record stock prices boosted household wealth.
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West Texas Intermediate crude advanced to a one-week high on signals that global economic growth will accelerate, bolstering fuel consumption.
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Crude oil options volatility fell as the underlying futures advanced to a one-week high on signals that global economic growth will accelerate, boosting consumption of fuel.
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Dell Inc. reported fiscal first- quarter profit that missed analysts’ estimates, underscoring the worsening outlook that led the company’s founder to seek a buyout designed to reinvigorate growth.
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