Fed Hikes Rates as Markets Rally on Relief
The Fed raised short term borrowing costs by 0.25 percentage points to 0.25 to 0.5 percent, its first increase since 2006. Investors cheered, Dow up 224 to 17,749 as markets anticipate a gradual path and focus on fundamentals like retail sales and job growth. The move could cue a Santa Claus rally after weeks of volatility.
MENTIONED IN THIS ARTICLE
Wall Street
Janet Yellen
Federal Reserve
Fed
Dow
U.S
SigFig Investors Use Tracking Services for Portfolios
A briefing notes that American investors increasingly rely on SigFig tracking tools to monitor portfolios. It highlights features like automatic updates, risk assessments, and personalized dashboards. The piece mentions consumer interest in cost efficiency and accessible data.
MENTIONED IN THIS ARTICLE
America
How We're Performing USA's Portfolio Allocation by Risk
SigFig data shows more than half a million investors manage portfolios online with assets around 200 billion. The page highlights investments in Apple and Kellogg Midstream as top holdings, buys and sells dominated by KMI, and cites five day and six month averages for trend context.
MENTIONED IN THIS ARTICLE
USA
SigFig
Stock Prices Edge Higher With Mixed Readings
Market data show One stock at 65.62 with a 5.79 rise and cig at 9.7 percent, intraday high 66.35 and low 63.40. Another stock trades at 97.56 up 4.97 with 5.4 percent cig, range 97.81 to 93.46.
MENTIONED IN THIS ARTICLE
Vanguard
Vanguard Totstiadm
Vanguard Instrdx
Vanguard TotStldx
Vanguard InstPlus
Fidelity Contra American Funds
GrthAmAm
Vanguard Totindl American Funds
IncAmerAm
Capi IncBuAm
iShs Emerg Mkts Eem
Spdr Financial Xlf
Mkt
Vect Gold Miners
GDX
iShares Eafe Etf Efa
PowerShs Qqqtrust
Csvelsh
ARM
Bankrate.com
Frankfurt
Hong Kong
JaPan
Nikkei
LonDon
Mexico City
Morningstar
THE
Associated Press
Usatoday.com
MONEY
CVS Health profits rise as solar push lags earnings outlook
CVS Health raises its earnings outlook for 2016 to $5.73 to $5.88 per share while reaffirming five year targets. Acastt eit Pharma gains on global climate pact and extended solar tax credits, with shares up $0.91 and a 56.9 percent move.
MENTIONED IN THIS ARTICLE
CVS Health
Acasti Pharma Receives Positive FDA Feedback for CaPre
The FDA provided positive feedback to Acasti Pharma on the development pathway for CaPre a drug aimed at treating severe hypertriglyceridemia a cardiovascular condition The agency's input supports continued development and potential regulatory progress for CaPre with the value cited at 80 dollars.
MENTIONED IN THIS ARTICLE
The
Food and Drug Administration
CaPre
Investing ASK MATT on Fed rate impact on stocks
Rising interest rates complicate stocks but do not end bull markets. Fed rate hikes lift borrowing costs and trigger potential stock selling from risk averse investors. Yet historical data show modest real returns in restrictive periods and stronger gains when rates were lowered during expansions.
MENTIONED IN THIS ARTICLE
Federal Reserve
Standard & Poor
Fed
Robert Johnson
American College of Financial Services
Johnson
Apple shares slip as iPhone demand weakens growth outlook
Apple stock fell 0.8 percent to 111.33 amid a broader market rally after a day of intraday losses that erased this year's gains. Analysts warn iPhone demand is slowing, with Mizhuo and UBS cutting targets and forecasting weaker quarterly shipments, while services like Apple Music and Apple Pay unlikely to offset the shortfall.
MENTIONED IN THIS ARTICLE
Apple
Fed
Mizuho_ Securities
Ter
Abbey Lamba
Mizuho
Lamba
Steven Milanovich
UBS
Also Mentioned on This Page
MAJOR
Djiagx AL
DOW Jones
S&p 500
Standard & Poor's
Russell Russell
Honeywell Honeywell
HON
WHR
CVS
NextEra Energy
NEE
Cayder Ryder
Stifel Nicolaus
Frontier Communications
FTR
Frontier
Affiliated Managers Group
AMG
Wynn Resorts
WYNN
Deutsche
Urban Outfitters
URBN
Pioneer Pioneer Natural Resources
PXO
Neak
Marathon Oil
MRO
Tulf
Cimarex Energy
XEC
Devon Energy
DVN
Nucor
NUE
Baker Hughes
BHI
Halliburton
Halusuaton Halliburton
HAL
Leucadia National
LUK
ConocoPhillips
COP
Moody’s Ensco
Jpmorgan
At&t
TSPCF
AAPL
KMI
Dweren
First Solar
Acastteit Pharma
Paris
Acasti Pharma
Investing
Matt
Matt Krantz
Mkrantz
USA Today
Dan
BERRY
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