The S&P 500 closed at a new record amid and risk indicators were clearly positive: financials, small caps and techs gained while gold slumped.
There was a clear equation for Tuesday's gains: better economic data = healthy stock gains and a new record for the S&P.
Investors should cast their eye to a horizon of rising rates and adjust strategy accordingly, fund managers warn, pointing to sectors set to benefit from a strengthening economy.
U.S. stocks gained Friday as the S&P 500 set a record closing high after stronger-than-expected new home sales in April provided further evidence of a housing recovery.
U.S. markets closed higher Thursday after the release of better manufacturing data and a rise in existing home sales, which offset higher jobless claims.
U.S. markets climb as key discretionary retailers beat earnings expectations. Stocks benefit from better manufacturing data and a rise in existing home sales, which offset higher jobless claims.
Stocks cheered better manufacturing growth and a doozy of a Chinese IPO on Thursday, rebounding after a sluggish start amid higher jobless claims.
Investors still shirking the so-called Fragile Five economies risk foregoing rich returns, fund mangers say, pointing to a recent shift in the outlook for emerging markets.
Stocks closed higher after Fed Reserve minutes confirmed a brighter U.S. economic outlook albeit with the caveats around the domestic housing outlook.
U.S. stocks advanced Wednesday as investors parsed the minutes of the Federal Open Market Committee's meeting in April.