The Consumer Price Index, a measure of the average price level of a basket of consumer goods and services, was up 0.4% for the month of August, while the core CPI rate, excluding energy and food, rose 0.1%. On a year-over-year basis, consumer prices were down 1.4%.
Wall Street's bulls are convinced there is enough good news to graze on for a while longer.
Strong manufacturing data and robust retail sales figures sent the S&P 500 to its highest level for 2009, on Tuesday – one year to the day since Lehman Brothers collapsed.
Stocks pulled off 0.5 percent gain Tuesday after a rocky session in which investors juggled some encouraging economic reports with disappointing earnings from two retailers. Industrials including Alcoa, DuPont and Caterpillar led the rally.
Stocks moved into positive territory Monday afternoon as tech, bank and drug stocks gained and volatility waned.
One year ago on Sunday September 14, Lehman Brothers was scrambling before declaring bankruptcy later that night and Bank of America announced a deal to acquire Merrill Lynch. Here is a look at where major indices and stocks look one year later.
U.S. stocks broke their five-day winning streak on Friday, as a pullback in oil prices led investors to take profits ahead of the weeking; however, all indices posted gains of nearly two percent or more for the week.
Stocks closed higher after faltering for awhile on a Federal Reserve report that the economy will remain weak due largely to unemployment.
Futures indicated a lower open for Wall Street on Wednesday as investors paused ahead of key U.S. data, having pushed markets to 11-month highs the previous day,
All major U.S. indices closed to the upside on Friday, as less than expected job losses in August led investors to focus on the positive side of a mixed payroll report, which showed that the unemployment rate jumped to 9.7%, or its highest level since 1983.
The S&P 500 and Dow index broke 8 days of consecutive gains on Friday, after an economic report showed consumer sentiment in August dipped to a 4-month low. Despite of Friday's slight pull-back, all major US indexes are on track to close up 2.5% or greater for the month.
Dividend yields in the Dow index are down about a quarter of a point since early June and 165 basis points since early March, as equity markets continue to trend higher, pushing yields lower. Here is a look at the dividend yields of all 30 Dow components:
On a volatile week that ended with Fed Chairman Bernanke stating that the US economy is nearing recovery, positive housing data, and oil hitting 10 month highs; the Dow, S&P and NASDAQ once again close at new highs for 2009, and end up about 1.8% or better for the week.
Compared to an average short interest of 2.2% for all Dow components, bets against these three companies stand at around 8%.
Chemical maker DuPont said Thursday its chief financial officer will move to a new role as the company consolidates 23 businesses into 14, as part of an effort to capitalize on global growth opportunities to drive profitability and sales.
On a week where the US markets once again hit new highs for 2009, and the 4th consecutive week of gains helped by the better-than-expected jobs report, the major indexes are all up about 2% or greater for the week, except for the NASDAQ which ended up only about 1% for the week.
The U.S. Dollar continues its slide, with the Dollar Index falling to its lowest levels since the end of September. Capitalizing on this dollar weakness are commodities.
US markets hit the highest levels of 2009 enforcing a summer rally, and turned in the best July since 1989 for the Dow, and 1997 for the S&P and Nasdaq. Additionally, July was the best monthly performance for the Dow since October, 2002, and April, 2009 for the S&P and Nasdaq.
Stocks rallied Thursday, logging the highest close since November, despite a late-afternoon pullback.
Dividend yields in the S&P 500 are down since late June, as a 6% rally for the US equity index this month has pushed yields lower, and companies remain cautious about increasing their dividend payouts.