The dollar extended gains against the euro and yen on Wednesday, hitting session highs after data showed the U.S. economy grew faster than expected in the second quarter.
Allen Sinai, Decision Economics, provides a preview of today's GDP number, jobs and Fed policy. And Ed Keon, Quantitative Management Associates, explains why buying stocks now are the "right long-term play."
Asian stocks were mixed on Wednesday as investors adopted a wait-and-see approach ahead of the Federal Reserve's policy statement.
The Dow and S&P 500 closed near the flatline Tuesday, while techs climbed to boost the Nasdaq to a fresh 12-year high, as investors remained cautious ahead of the Federal Reserve's policy statement.
Treasurys little changed on Tuesday as traders positioned for second-quarter U.S. economic growth data, a Federal Reserve policy statement and the Treasury's next refunding announcement, all due on Wednesday.
Gold settled lower at $1,324.00 on Tuesday as participants largely stayed on the sidelines ahead of a U.S. Federal Reserve policy statement on Wednesday.
Oil slipped as speculators awaiting the outcome of a Federal Reserve meeting retreated from bets on a further rise of U.S. crude.
European shares closed higher on Tuesday after a mixed bag of earnings reports, fresh economic data released from the euro zone, and Barclays leading a bank sell-off on the continent.
Rich Peterson, S& P Capital IQ, explains why some sectors like financials, consumer discretionary and health care are growing while other sectors like energy are lagging.
The dollar edged higher on Tuesday, recovering from recent falls, on caution that the Federal Reserve may lay the groundwork for curbing stimulus at a policy meeting this week.
Matthew McCormick, vice president & portfolio manager at Bahl & Gaynor Investment Counsel, tells CNBC that Wall Street believes Fed tapering will occur in September and it will cause more volatility.
Asian stocks rebounded on Tuesday after China's central bank injected funds into money markets and as the Japanese yen weakened ahead of key global central bank meetings this week.
Stocks kicked off the week on a weak note as investors hesitated to jump in ahead of the Federal Reserve meeting and a slew of key economic reports.
Gold futures settled higher at $1328.40 on Monday, as investors turned their attention to a U.S. Federal Reserve meeting later in the week, which is expected to reaffirm its stance to keep interest rates near zero.
Oil prices were mixed on Monday, with U.S. oil settling above $104 as supply disruptions in Europe helped halt last week's losses.
European shares pared earlier gains to close flat on Monday following a late sell-off after reports that Barclays will seek to raise £5 billion ($7.69 billion) via a rights issue.
The dollar fell to a one-month low against the yen on Monday and a five-week trough against a basket of currencies on expectations the Fed intends to keep interest rates low.
Robert Barbera, Johns Hopkins Center for Financial Economics, and Michael Ryan, UBS, provide a preview of this week's market drivers, including a read on jobs, GDP and the Fed's monetary policy statement due out on Wednesday.
Asian equity markets declined across the board on Monday with Japanese stocks falling to a new three-week low on the back of a stronger currency while renewed fears of an economic slowdown in China hindered gains.
If you're looking for a slow summer day, you won't find it this week.
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