Stocks closed a bit higher after flitting around breakeven on light trading for much of the day. Financials outperformed, while commodities suffered. Treasury bond yields hit their highest intraday level since June. End-of-year…
Buyers beware: the Twelve Days of Christmas are getting a little more expensive. The cost of all the items in the holiday classic The Twelve Days of Christmas jumped to $23,439, an increase of $1,974 from last year.
“This year’s jump in the PNC CPI c…
Stocks fell sharply Tuesday as investors fled riskier assets following an exchange of artillery fire between North and South Korea. Better news on U.S. economic growth was no match for the new worries, on top of Euro-jitters.
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On Thursday, stocks clawed back nearly of the week’s prior losses. Lifting investors’ spirits were an easing of concerns over Irish debt, GM’s massive IPO and some surprisingly positive economic reports.
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The Dow tumbled Tuesday as part of a global sell-off in stocks fueled by further speculation that China will hike interest rates to fight inflation and renewed worries over the wobbly finances of Ireland, Portugal and Greece.
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