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Wall Street ends at multi-year highs on Fed
Sep 15th, 2012
NEW YORK (Reuters) - U.S. stocks rose for a fourth straight session on Friday to close out the week at nearly five-year highs after the Federal Reserve took bold action to spur the economy, a move that could keep equities buoyed in the coming months. Shares of Apple Inc, the largest U.S. company by market value, ended at an all-time peak, and Exxon Mobil, the second biggest, hit a four-year high. Equities are in a run-up that has pushed the S&P 500 to end higher for four consecutive months. ... (Source: Reuters) -
By Caroline Valetkevitch NEW YORK (Reuters) - The U.S. stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path. Next week could make it harder to figure out, considering that the long Memorial Day weekend typically signals the start of the summer. The ... [Full Article]
By Caroline Valetkevitch NEW YORK (Reuters) - The stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path. Next week could make it harder to figure out, considering that the long Memorial Day weekend typically signals the start of the summer. The three... [Full Article]
By Matthew Goldstein (Reuters) - Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters. A pension consultant, in a May 21 letter to clients, said B... [Full Article]
NEW YORK (Reuters) - Wall Street opened weaker on Monday as investors searched for catalysts after major U.S. equity indexes closed a fourth consecutive week of gains Friday. The Dow Jones industrial average slipped 14.90 points, or 0.10 percent, to 15,339.50. The Standard & Poor's 500 Index was off 1.84 points, or 0.11 percent, to 1,665.6... [Full Article]
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