Jim McCaughan, CEO of Principal Global Investors, says recovery in the U.S. private sector is well established, suggesting there's a 50:50 chance of the Fed tapering its stimulus program in December.» Read More
NEW YORK, Dec 4- U.S. stocks ended lower on Wednesday for a fourth session while Treasury yields rose as traders were cautious ahead of jobs data later in the week that could determine whether the Federal Reserve will cut its stimulus soon.
NEW YORK, Dec 4- The Dow and the S&P 500 finished lower for the fourth consecutive session on Wednesday after investors found few reasons to make big moves, with uncertainty remaining over when the Federal Reserve will start to slow its stimulus.
NEW YORK/ LONDON, Dec 4- The price of gold rose nearly 2 percent for its biggest one-day gain in over a month on Wednesday, as heavy short-covering and new fund buying more than offset concerns the Federal Reserve may soon exit its bullion-boosting asset purchase scheme.
*Investors unsure of Fed's timing for tapering. NEW YORK, Dec 4- U.S. stocks declined on Wednesday, with the S&P 500 off for a fourth straight session as investors worried that the market's rally to record levels was not justified, given uncertainty over when the Federal Reserve will start to slow its stimulus.
The Beige Book says the economy continues to expand at a modest to moderate pace, reports CNBC's Steve Liesman.
*Investors unsure of timing for Fed's tapering. NEW YORK, Dec 4- U.S. stocks edged lower in choppy trading on Wednesday, with the S&P 500 falling for a fourth session in a row, as U.S. economic data sparked speculation on how soon before the Federal Reserve starts to wind down its stimulus program.
*Stocks down as ADP, home sales data counter services numbers. NEW YORK, Dec 4- U.S. stocks fell back on Wednesday after a brief rebound while Treasury yields edged higher as strong data on U.S. private-sector jobs growth and home sales raised expectations that the Federal Reserve will roll back its stimulus sooner than later.
LONDON, Dec 4- Euro zone bonds fell across the board on Wednesday as U.S. data showed growing momentum in the world's biggest economy that could prompt the Federal Reserve to start scaling back its monetary stimulus soon.
*Wall Street higher after weak start on mixed data. NEW YORK/ LONDON, Dec 4- Stocks edged higher after a weak start on Wall Street on Wednesday, while Treasury yields rose after strong data on U.S. private-sector jobs growth and home sales raised expectations that the Federal Reserve will roll back its stimulus sooner than later.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss the outlook on jobs and housing, after this morning's ADP report and the decline in mortgage applications.
CNBC's Rick Santelli discusses the latest action in the bond market, the Federal Reserve and interest rates.
Stocks rise as bond yields fall after disappointing employment component of ISM services report.
Markets tend to slide when a new Fed chair takes over. Coincidence ... or curse?
LONDON, Dec 4- Gold pared earlier losses on Wednesday after mixed U.S. economic data but stayed close to a 5- month low on uncertainty over when the Federal Reserve will exit its asset purchase scheme. U.S. gold futures rose 0.5 percent to $1,227.70 an ounce, while gold in euros dropped to its lowest since late July 2010 at 891.26 euros an ounce in earlier trade.
Gold pared earlier losses after US economic data but stayed close to a 5-month low on uncertainty over when the Fed will exit its stimulus.
NEW YORK, Dec 4- The dollar rose against the euro and the yen on Wednesday after a batch of data boosted expectations the Federal Reserve may start scaling back its massive stimulus program sooner than expected.
Tom Porcelli, RBC Capital Markets chief U.S. economist, and Rob Morgan, Fulcrum Securities chief investment strategist, discuss the recent market correction and the taper. CNBC's Steve Liesman weighs in.
U.S. Treasurys prices fell on Wednesday after a report showed private-sector hiring grew at its fastest monthly pace in a year.
Boris Schlossberg, BK Asset Management, and Sean Hyman, Ultimate Wealth Report, provide their outlooks on currencies and precious metals.
Bruce Kasman, JPMorgan Chase chief economist, explains why he expects to see a "solid" number in this morning's ADP employment report and shares his outlook on the economy next year.