Shares of homebuilders from KB Home to Toll Brothers Inc. have enjoyed their best day since mid-2012. Analysts at Barclays Plc upgraded their views of the industry today to positive from neutral, projecting a 10 percent jump in new-home prices...
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Photograph by David Paul Morris/Bloomberg
A contractor works on a KB Home under construction at the Vicino community in San Jose, California.
Homebuilder Shares Boosted by Sales
Bloomberg by the Numbers: 1,569.19
That was the record closing level of the Standard & Poor’s 500 Index yesterday. The S&P 500, a capitalization-weighted index of 500 stocks, rose by 0.4 percent to top its previous closing high of 1,565.15 set in October 2007. “The...
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Photograph by Seth Wenig/AP Photo
A trader works on the floor at the New York Stock Exchange on Feb. 27, 2013.
Bloomberg by the Numbers: 14,075.37
That’s where the Dow Jones Industrial Average closed yesterday, its highest level since October 2007. The Dow added 175.24 points and closed within 90 points of its record. The advance was led by JP Morgan Chase & Co., Caterpillar Inc.,...
Read more »JPMorgan: Fiscal Cliff Slow-Walking Feeds Stock Market Volatility
Volatility has returned to U.S. stocks since the presidential election, and it’s partly Washington’s fault as the fiscal-cliff stalemate makes investors more and more skittish, according to JPMorgan Chase & Co. And even bigger swings may be on the way...
Read more »High-Dividend Stocks Costly as Potential Tax Surge Looms
Stocks with the highest dividends are relatively costly, even though the federal government is poised to raise taxes on the pay-outs, according to David Bianco, Deutsche Bank AG’s chief U.S. equity strategist. Bianco drew the conclusion, presented in a Nov....
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Photograph by Whitney Curtis/Getty Images
A display of shotguns during the NRA Annual Meetings and Exhibits in St. Louis, Missouri.
Obama Wins, Gun Stocks Surge
Just another measure of a nation coming together in harmony following a divisive election: Smith & Wesson Holding Corp. (SWHC) climbed the most in two months to lead a rally among firearms manufacturers as traders speculated that President Barack Obama’s...
Read more »Investment in U.S.: $4 Trillion Edge
For all the campaign talk of taking U.S. money — and jobs — overseas, consider this data: The value of foreign investments in the United States at the end of 2011 continued to exceed the value of U.S. investments abroad....
Read more »Data Mine: Economic-Policy Doubts Cast Pall Over Stocks
David Wilson’s Chart of the Day shows growing doubts about the direction of U.S. economic policy. A policy-uncertainty index cited by RBC Capital Markets chief institutional strategist Myles Zyblock rose in May after dropping for five months in a row....
Read more »Facebook Fight Compounded by Main Street’s $600 Million Loss
The phrase “Facebook privacy fight” is about to take on a whole new meaning. The Internet company’s nascent Washington lobbying team probably expected to spend a lot of time on the Hill and with regulators talking about privacy — the...
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