Estimates on fourth quarter growth in U.S. economy suggest caution with S&P 500 still close to May highs
The pickup in GDP growth reported for the third quarter in the November 24 revision could wind up coming out of the hide of fourth quarter growth.
Financial markets in the United States and Europe fell modestly as traders wait to see what happens next after Turkish fighters shot down a Russian war plane near the Turkish-Syrian border.
A vague Saudi promise to work to stabilize oil prices is enough to set off volatility in an oil market dominated by bears
So many traders are short oil that anything that might somehow support oil prices leads to short covering and a bounce, short-lived in this case, in oil prices.
Today, European Central Bank President Mario Draghi said that the EuroZone central bank “will do what we must to raise inflation as quickly as possible.”
Initial jobless claims fell modestly in the week ended on November 14 to 271,000 from 276,000 in the prior week. That kept the initial claims number near forty-year lows
Results from Wal-Mart, Home Depot and The TJX Companies were strong enough to dispel fears of a retail meltdown. But not enough to remove worries over softness