It’s increasingly likely the current deadlock over the so-called “Obamacare” will be tied to the ensuing debt-ceiling battle and the two issues most likely would be merged from a negotiation and outcome point of view, said Roger Altman, chairman of investment bank Evercore Partners Inc and a former US deputy Treasury secretary. The big framework however, is that the US …
Tech Stocks Push US Equity ETFs Higher; Europe Rises Ahead Of US Debt Vote
[Chart courtesy of MarketWatch.com] US stocks closed higher Wednesday as technology stocks rallied amid upbeat earnings result and lawmakers voted to temporarily suspend the federal debt limit, helping the S&P 500 post its sixth straight day of gains that saw the benchmark index hitting a new five-year high. Equities received support earlier after the Republican-controlled House of Representatives voted to …
Indexes Retreat Ahead Of Earnings Season; Europe Slips On Profit Taking
[Chart courtesy of MarketWatch.com] US stocks fell Monday with the S&P 500 index coming off a five-year high as Wall Street shifted its focus from the nation’s fiscal woes to the start of corporate earnings season tomorrow. Aluminum maker Aloca Inc will unofficially kick-off the fourth-quarter earnings season after the market closes on Tuesday. Fourth quarter earnings for S&P 500 …