The Dow finished higher Tuesday as investors parsed through the latest batch of corporate earnings reports for insight into the state of the economy. The Dow gained 0.31%. The S&P 500 slipped 0.07%. The Nasdaq shed 0.27%.
as investors parsed through the latest batch of corporate earnings reports for insight into the state of the economy.
Tuesday's market moves come after a solid start to the week, with all the major averages coming off of back-to-back gains. On Monday, the Nasdaq Composite led with a gain of 2.01%. The S&P 500 and Dow added 1.19% and 0.76%, respectively. Going back to 1932, Grantham says stock market returns during those seven months equal the entire return of the other 41 months combined.
The eventual stock market bottom might not even come until well into 2024, the 84-year-old Grantham said, since the usual stock market low after a colossal bubble — not simply an "ordinary" bull market — comes roughly one year after the start of a subsequent recession.A potential debt ceiling crisis will be a 'slow burn,' not a 'big bang,' Barclays says
Yellen said new investments into Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund will be suspended until June. They face "considerable uncertainty" if Congress does not raise the $31.4 trillion debt ceiling.
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