The stock market rose sharply today, with the S&P 500 index rising 2.15% on news that the government of Italy had reached a new budget agreement.
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Monday, October 15, 2018
Sears officially filed for Chapter 11 bankruptcy today, and the White House reported a year-over-year increase of 17% for the federal budget deficit. In other news, U.S. Senator from Massachusetts, Elizabeth Warren, […]
Weekly Recap for Oct. 8-14, 2018
The S&P 500 lost 4.1% of its value last week, although bonds recovered somewhat, with the yield on 10-year U.S. Treasuries returning to its October 3 levels of around 3.14%. In political […]
Saturday, October 13, 2018
This afternoon #13 LSU crushed #2 Georgia, 36-16, in Tiger Stadium in Baton Rouge, Louisiana.
Friday, October 12, 2018
Markets stabilized for both stocks and bonds in the U.S. today, as Apple and Microsoft led the market up 1.4% from Thursday.
Thursday, October 11, 2018
As noted by Time Magazine, the U.S. stock market had its worst day in 8 months on Wednesday, as the S&P 500 fell by 3.29%. The decline continued today, with the S&P […]
Wednesday, October 10, 2018
Stock prices dropped sharply today, with the S&P 500 index falling 3.29% as yields edged up a couple of basis points on U.S. Treasuries. Meanwhile, Sears began arranging financing for a bankruptcy […]
Tuesday, October 9, 2018
Bond yields finally started to fall again, from approximately 3.25% to 3.20% on 10-year U.S. Treasuries, as the IMF cut its forecast for global economic growth. In other news, Nikki Haley announces […]
Monday, October 8, 2018
Chinese markets got hammered today during the Columbus Day holiday, and Taylor Swift caused a minor stir by endorsing Democrats for U.S. Congressional races in Tennessee on Sunday evening. In Monday Night […]
Weekly Recap for Oct. 1-7, 2018
The two big stories of the week were the confirmation of Brett Kavanaugh to the USSC, and the spiking bond yields that brought 10-year U.S. Treasuries from approximately 3.05% to 3.25% in […]