U.S. stocks reversed an early rally to close down on the day, with the S&P 500 -0.83% and Treasuries fell, pushing tens over 2% for the first time since March after Bernanke told Congress the Fed may scale back bond…
Stocks opened slightly higher and rallied until Moody’s released a statement indicating that the rating agency may downgrade the U.S. if the nation’s policy makers don’t address its debt woes. The S&P 500 hit a new intraday high of 1672.84…
U.S. equities rose, erasing earlier losses, in another bad news is good news trade, as weak manufacturing data fueled speculation the Fed will not rush to scale back its stimulus measures. U.S. industrial production declined in April by the most…
