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Stocks have edged lower, breaking a six-day advance as reports on home prices and consumer confidence did little to excite buyers. Major indexes had risen modestly in the early going Tuesday but slipped as the dollar strengthened and tugged on commodities prices. NEW YORK (AP) — Stocks fluctuated in a narrow range Tuesday after reports on home prices and consumer confidence came in largely as expected, showing a gradual improvement in the economy. Major indexes had risen modestly in the early going, but were mixed in afternoon trading as the dollar strengthened and tugged on commodities prices. The Standard & Poor’s 500 index has posted gains for six straight days, rising 2. Earlier Tuesday, the Conference Board said its index of consumer confidence rose to 52. read more
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NEW YORK ( TheStreet ) — Stocks closed slightly higher after a sluggish trading session Monday, as a promising holiday retail spending report offset airline security concerns and tepid interest from foreign buyers for the government’s short-term note auction. Stocks finished Thursday with gains in a shortened session ahead of Friday’s Christmas holiday, after initial jobless claims and November durable goods data lifted market sentiment. UP 26. UP 1. UP 5. UP 0. read more
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I suspect by the end of 2010, 2011 or 2012, the problems will be even worse because the governments have shot all their bullets. I own gold but I am not buying gold at this point in time. But, if I have to buy one today, I would buy silver rather than gold. Gold is 10 per cent lower compared to its all-time high, whereas silver is trading at 70 per cent below its all-time high. Unless somebody discovers a lot of oil very quickly and in very accessible areas, oil is going to be much higher over the next decade. read more
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An account already exists for the email address entered. From time to time, we will send you e-mail announcements on new features and special offers from The Wall Street Journal Online. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit www. To view or change all of your email settings, visit the Email Setup Center . read more
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A movie displaying a fresh and lovely relationship, an absolutely new bond that may not have gotten popular acceptability initially, but was greeted eventually; this award goes to the relationship between trend of exchange inventories and prices of base metals – an entirely refreshing duo which moved together most of this year and continue to. The award goes to Program trading machines in trading against common belief, pumping money continuously, carefully creating chart patterns and eventually making the world stand-up and take notice. For rising to popularity with negative thoughts last year and gaining even more popularity this year, propounding new theories (“Dollar carry trade”), telling us different possible shapes of recovery (“W” and “U”), raising voice against popular themes (“Gold”) and above all holding his negative views and continuing to hog limelight despite proven wrong by the market (so far), the award goes to Nouriel Roubini. The award goes to Gold for rising 7 years in a row and yet rising faster than ever, turning old sellers (central banks) into buyers, gaining popularity from new places (China turning into the largest importer), attracting renowned fund managers (John Paulson) launch dedicated funds and alluring physical demand despite record rises. Raising its global share in Steel from 35% last year to 51%, in Zinc from 30% last year to 50% in Q3, adding new commercial buildings in Shanghai despite a reported 50% non-occupancy, producing a rapid turnaround that the world could never believe and above all giving bulls the plot to make a movie on. read more
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Holiday travelers can expect gasoline prices to remain steady into the new year even though energy futures spiked Wednesday on a big drawdown of crude and gasoline supplies. Energy experts were expecting the amount of crude in storage to fall, mostly because refiners empty their tanks at this time of year for tax purposes. On top of that, the amount of crude being imported into the country fell to the lowest level since 2003, news that gave energy markets a jolt. There was a surprisingly healthy gasoline demand number released this week by MasterCard SpendingPulse, but analysts with the group pointed out that a lot of people filled up their cars for holiday travel before last week’s winter storms pounded the East Coast. That puts pump prices in the middle of their five-year average, even accounting for the giant swings in 2008 when prices were as high as $4. We enjoy lively debate on the issues of the day, but we ask that you refrain from using profanity, racist or hate speech, engaging in personal attacks or name-calling, posting advertising or external links or including remarks that are off topic. read more
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An account already exists for the email address entered. From time to time, we will send you e-mail announcements on new features and special offers from The Wall Street Journal Online. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit www. NEW YORK (Dow Jones)–A weaker dollar pushed gold futures to a higher settlement Wednesday as market participants found the metal’s recent pullback to be a buying opportunity. The email address null is already associated with another account. To view or change all of your email settings, visit the Email Setup Center . read more
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CHICAGO — Agriculture futures were mostly higher Tuesday on the Chicago Board of Trade. Wheat for March delivery added 3. In other trading, beef and pork futures were mixed on the Chicago Mercantile Exchange. Wheat, corn, soybeans futures rise on Chicago BOT, oats flat; Beef and pork . read more
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Please check your email for a message from the Globe and Mail online with the subject line “Globe and Mail Member Information Request” . PLEASE NOTE your Globe and Mail account will expire after 2 days if not validated as described in the email. He has a bachelor of arts degree from the University of Toronto and studied journalism at Ryerson University. David Parkinson has been covering business and financial markets since 1990, and has been with The Globe and Mail since 2000. Avery holds a Master’s degree in journalism from Columbia University and a Bachelor of Arts in English and political science from the University of Western Ontario. read more
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