Stocks continued to trade at new highs in light trading Wednesday as the closing bell approach despite an absence of fresh economic reports, as investors remained optimistic about the prospects for equities next year. McDonald's and Disney rose, while Alcoa fell.
In terms of the next cycle, there will be M&A and equity underwriting, Brad Hintz, the former CFO of Lehman Bothers in the late '90s and current senior analyst at Sanford Bernstein, told CNBC on Wednesday.
Stocks continued to reach new highs Wednesday in an absence of economic data as trading volume continued to be light. McDonald's and Chevron rose, while P&G fell.
U.S. stock index futures edged higher ahead of the open Wednesday as investors braced for an auction of government debt following a weak Treasury auction in the previous session.
Stocks closed mixed amid thin holiday trading after a couple lackluster economic reports on housing and consumer confidence. Chevron and HP rose, while American Express fell.
Stocks declined modestly amid thin holiday trading and after a couple lackluster economic reports as the Northeast recovered from a huge snowstorm. Caterpillar and Disney fell, while Bank of America rose.
U.S. stock index futures were higher and largely unchanged after a report showing housing prices remain lower over the past year.
Stocks ended mixed after trading in a narrow range amid a quiet pre-Christmas session following several economic reports that were mostly in line with expectations. Alcoa rose, while Bank of America fell.
Stocks turned negative Thursday afternoon amid a quiet pre-Christmas trading session following several economic reports that were in line with expectations. BofA and Walt Disney fell, while Alcoa rose.
Stocks continued to trade mixed in a quiet pre-Christmas session after several economic reports were largely in line with expectations, confirming the economy continues to improve, although slowly. Alcoa and HP rose, while BofA fell.
The "Fast Money" traders examine private equity's interest in retail and more.
America is now officially worried about a municipal bond meltdown. In a piece called ‘Day of Reckoning,’ CBS 60 Minutes showcased financial analyst Meredith Whitney’s bold prediction that we will see “50 to 100 sizable [muni] defaults...more. This will amount to hundreds of billions of dollars of defaults.” It’s a frightening forecast.
Stock index futures pointed to mixed open for Wall Street on Thursday with the weekly jobless claims report in the spotlight with thin trading ahead of Christmas Eve.
*Convicted of illegally trading Dell, Nvidia shares. Todd Newman, a former portfolio manager at hedge fund Diamondback Capital Management, and Anthony Chiasson, co-founder of hedge fund Level Global Investors, had been set to begin prison sentences later this summer.
TORONTO, June 18- Canada's Tim Hortons Inc is under mounting pressure from activist investors to boost shareholder value a few weeks before a new CEO takes over after a second hedge fund said it had amassed a big stake in the coffee and doughnut chain.
MONACO, June 18- Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."