Investors gain hope on market rally despite housing dip
Wall Street edged higher as a cooler housing report lifted hopes the Fed may pause rate hikes. Tech shares led gains while volume remained light, signaling cautious conviction amid mixed signals from Monday's Iraqi news and overall market softness.
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Massey stockholders reject executive bonus proposal
Massey Energy shareholders voted down a plan to require a shareholder vote on executive bonuses. Though over 70 percent favored it, more than 20 percent opposed, far above the required 80 percent supermajority to amend bylaws. The measure, backed by Amalgamated Bank and UMW President Cecil Roberts, was criticized as limiting executive pay despite three years without profit.
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What Does Election Year Mean for Investors
The piece asks how an election year affects investors as campaigns warm up and voters consider how political factors may influence markets and policy. It emphasizes whether citizens and investors should adjust their focus during an upcoming presidential race.
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