Wall Street shrugged off instability in Egypt to rally to a two-and-a-half year high Tuesday, boosted by encouraging economic data and better-than-expected corporate earnings.
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With trillions of dollars sitting in corporate coffers, the spigots of capital flowing to technology are finally opening up again. Gartner Research projects 5.1% growth in information technology spending in 2011. So which compa…
Even the most bullish traders figure the market needs to pull back at some point before making new highs. Considering this week’s round of earnings and economic data — and the sketchy situation in Egypt — the sessions ahead s…
Stocks fell sharply Friday as investors fled to safety amid disappointing economic data, mixed corporate earnings reports and escalating violence in Egypt. A soft start for equities only got worse as the day progressed. [Vide…
Friday’s action notwithstanding, in which gold prices rose as the stock market sold off, safe-haven assets are suffering at the expensive of equities and other riskier assets. That’s what happens when the global economy appears…