- Alibaba set to price its IPO shares amid investor frenzy
The Chinese e-commerce giant is expected to sell $22 billion in shares today, capping a 2-week road show that drew interest from traders worldwide. Plus: Alibaba cash could fund Yahoo spending spree
- US stocks head higher after data on housing, jobs
- Fed's Yellen says US families need to save more
- Weekly jobs report points to firming labor market
- Housing starts fall, but prior month's revised up
- World stocks up as Scotland votes on leaving UK
- Scotland independence vote worries UK union
- ECB gives cheap credit to banks to lift economy
- Apple iPhone 6 still needs sales license in China
- Amazon expands Kindle lineup with 6 new devices
- It's time to clean up cluttered investment portfolio
- Beware the perils of post-retirement investing
- America's most livable cities aren't the best known
Strong job and housing markets, safe neighborhoods and low property taxes, among other desirable traits, make these places stand out.
- Wall St opens up, S&P 500 near record9:35 AM ET | Reuters
- U.S. jobless claims data point to firming labor market9:11 AM ET | Reuters
- Alibaba set to price IPO shares amid investor frenzy5:16 AM ET | Reuters
- Alibaba cash could fund small spending spree at Yahoo7:07 AM ET | Reuters
- Yellen doesn't comment on policy at conference on savings8:49 AM ET | Reuters
- U.S. housing starts fall; prior month's data revised higher8:49 AM ET | Reuters
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[BRIEFING.COM] Equity indices have climbed out of the gate with support from most economic sectors. The S&P 500 trades higher by 0.3% with the financial sector (+0.7%) showing relative strength for the second day in a row.
Likewise, the materials sector (+0.5%) also finds itself among the early leaders after displaying relative strength yesterday. Meanwhile, the remaining cyclical groups hover a bit closer to their flat lines.
On the downside, energy (-0.2%) and utilities ... More
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