U.S. stocks were moving higher Thursday as better-than-expected earnings from corporate heavyweights and a resumption of Greek debt talks boosted optimism.
The Federal Open Market Committee will begin its first meeting of the new year Tuesday while initiating a pledge for more transparency on projections for the future of the benchmark federal funds rate.
U.S. stocks struggled to hang on to early-morning optimism spurred by European debt auctions as U.S. economic data failed to impress.
U.S. equities followed European markets lower as Germany faces a shrinking economy.
Alcoa kicks off fourth quarter earnings season with surprise optimism, while Tiffany and Lululemon adjust estimates.
Mediocre U.S. economic data and declines in Italian bond interest rates were enough to get investors back into the holiday spirit and resume last week's Santa Clause rally Thursday.