Stocks see an investor revolt across major funds
The AP finds ordinary Americans and large investors selling stocks for a fifth straight year despite Fed efforts and a bullish market. Since April 2007 individuals have pulled at least 380 billion from stock funds, with over 1 trillion into bond funds, signaling a crisis of confidence and potential impact on growth and living standards.
MENTIONED IN THIS ARTICLE
New York
Andrew Neitlich
Wall Street
Neitlich
Federal Reserve
Associated Press
Charles Geisst
Manhattan College
U.S
Investment Company Institute
Jobless benefit claims fall to near five year low
Weekly applications dropped to 350000 for the week ended Dec 22, the lowest since March 2008, with the four week average at 356750. Holiday distortions and Sandy effects likely affected data and revisions are anticipated. Unemployment stands at 7.7 percent as Obama and lawmakers face the fiscal cliff deadline.
MENTIONED IN THIS ARTICLE
Washington
U.S
Labor Department
Obama
Congress
Barack Obama
House
Republican
Congressional
Analysis of Weekly Listing Fragment and Incomplete Data
The fragment shows scattered words about a week and numbers in hundreds. No clear events names dates or organizations are readable to identify a concrete news item.
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