Private markets are finding quick fixes to avoid debt defaults, but those carry risks that could destabilize the whole system, Rosenberg Research says.
S&P 500 Clocks Best Month of the Year; Yields Drop: Markets Wrap
(Bloomberg) -- US stocks ended a shortened trading session higher while Treasury yields declined across the curve. Speculation that President-elect Donald Trump will temper his most extreme trade policies drove the dollar down.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingThe S&P 500 climbed more than 1% for a second straight week. On Friday, it rose 0.6%, notching fresh record highs. The 10-year Treasury y
Charting the Global Economy: Sticky Inflation Backs Fed Caution
(Bloomberg) -- The Federal Reserve’s preferred inflation measure accelerated in October, helping explain US central bankers’ more cautious approach to interest-rate cuts.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesTop-line inflation in the euro area also picked up, though price growth excluding food and fuel held steady. European Central Bank officials have signaled a fourth reduction in rates
Stocks rally, dollar droops in abbreviated session
NEW YORK/LONDON (Reuters) -Global stock markets rallied on Friday, with Wall Street crowning November with its biggest monthly gain in a year on post-election growth hopes, while the dollar eased amid prospects for firmer rates in Japan and easing in Europe. U.S. trading was thin the day after Thanksgiving. Donald Trump's Nov. 5 election victory and pledges of tax cuts, deregulation and import tariffs have supercharged investors' expectations for U.S. and Wall Street stocks to keep outperforming other regions.
Stock market today: S&P 500 and Dow post gains and close out best month of 2024
Stocks posted solid gains as Wall Street put the finishing touches on one of its best months of the year. The S&P 500 rose 0.6% while the Dow Jones Industrial Average gained 0.4%. Friday was an abbreviated trading day, with stocks closing at 1 p.m. ET and the bond market an hour later.
Tesla Stock Finished Black Friday on a High Note
The EV maker’s stock gained 3.7% on Friday, leaving the shares ahead nearly 40% for the year and giving it a market value of around $1.07 trillion.
Stock market today: Dow, S&P 500 close at record highs to cap winning month for US stocks
Stocks finished off a winning month of November at record highs to cap a holiday-shortened trading session.