Stocks looked headed toward an ugly day, until the head of the Boston Fed suggested higher interest rates are not yet necessary.
Stocks shoot up at Tuesday's open, but bond yields move higher and trim gains substantially.
Try as the bears might, they couldn't break US stocks. But investors still face frothy prices and considerable headwinds.
What does the Nikkei's sudden plunge mean, especially after its recent strength?
The Dow is off slightly on the day, after falling nearly 130 points at the open. Decent reports on jobless claims and new-home sales helped.
Global markets reacted to the mixed message from the Fed by selling. But there is indication of another rally phase ahead.
As the stock market reaches new highs, Goldman Sachs sees more gains ahead. Fueling the market: An improving economy, growing dividends and low interest rates.
Bargain hunting gives silver a boost after a nasty dive in overnight markets. But worries about rising interest rates and a possible U.S. debt downgrade gives the metal a boost.
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