Money
Fed's bond buying hasn't boosted stocks, McKinsey study finds
SAN FRANCISCO - There is no evidence that the Federal Reserve's massive bond-buying effort has led U.S. stock prices higher, according to a report released on Wednesday by the economics research arm of McKinsey & Company.
Recent Money News
High school pals plead guilty in NJ insider trading scheme
- The two main traders in a network of friends from high school implicated in a scheme to illegally trade pharmaceutical company stocks pleaded guilty on Wednesday to insider trading charges, U.S. Attorney Paul Fishman in New Jersey said.
Traders of rate-based products face sour bonus season: consultant
NEW YORK - Senior Wall Street traders who handle bonds and derivatives tied to interest rates are likely to get a sharp paycut this year, according to the talent and compensation-consulting firm Options Group.
Short sellers test the waters on Twitter
NEW YORK - Short sellers are starting to circle around Twitter shares in their first chance at betting against the micro-blogging site's stock, a sign some investors think the share price will fall.
Analysis: Time for Fed to accept that U.S. growth not what it used to be?
NEW YORK/SAN FRANCISCO - Year after year Federal Reserve policymakers have clung to a belief that the U.S. economy will soon regain its pre-recession stride. And year after year they have been wrong.
U.S.-based stock funds attract $9 billion: ICI
NEW YORK - Investors in U.S.-based mutual funds poured over $9 billion into stock funds in the week ended November 6 despite uncertainty over the Federal Reserve's next move, data from the Investment Company Institute showed on Wednesday.
New ways to get help on your taxes
Following the flood of tax changes that were enacted as part of the fiscal cliff deal at the beginning of 2013, some formerly resolute do-it-yourselfers are giving up their calculators and turning to professional tax preparers for help with their returns. Full Article
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Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 15,821.63 |  +70.96 |
+0.45% |
| S&P; 500 | 1,782.00 | +14.31 |
+0.81% |
| NASDAQ | 3,965.57 | +45.65 |
+1.16% |
| TR US Index | 162.56 | +1.38 |
+0.85% |
-96.79Sector Summary
| Energy | +0.06% |
| Basic Materials | +0.14% |
| Industrials | +0.17% |
| Cyclical Goods & Services | +0.11% |
| Non-Cyclical Goods & Services | +0.09% |
| Financials | +0.16% |
| Healthcare | +0.06% |
| Technology | +0.09% |
| Telecoms | +0.34% |
| Utilities | +0.12% |
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
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