Stock market mood stays upbeat amid housing data
Investors kept rose colored glasses on for another week despite higher inflation and flat factory output. Major indexes mirrored last week’s percentage moves in reverse as housing signals and job data loom, with economists eyeing potential Fed rate cuts later.
MENTIONED IN THIS ARTICLE
Federal Reserve
Inflation Data Boosts Treasures as Rate Hike Bets Ease
Consumer price gains slowed more than expected, lifting Treasury prices and reducing the odds of a Federal Reserve rate increase. Markets priced in a slower path for policy tightening as core inflation cooled and traders adjusted expectations.
MENTIONED IN THIS ARTICLE
Federal Reserve
Market ends tepid as Dow climbs and S&P gains
Stocks steadied after earlier inflation jitters with the Dow up 85.76 points to 13,639.48 and the S&P 500 rising 0.65 percent. Retailer estimates weaker sales cut its quarterly and full year outlook while Monsanto lifted full year profit guidance on strong demand and favorable conditions.
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Dow
Standard & Poor
SunGard
Retail sales lift truckers as freight demand may rise
Retail sales rose 1.4 percent in May the strongest one month gain in over a year boosting hopes for trucking firms. Commerce reports inventories replenished signaling firmer freight demand with inbound container volumes at ports and durable goods orders improving. Analysts see potential for a stronger second half with falling diesel prices supporting margins for firms like Old Dominion Knight Transportation and J B Hunt.
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Governoncement
Commerce Department
David Ross
Stifel
Nicolaus & Co
U.S
Old Dominion Freight Line Inc
ODFL
Knight Transportation Inc
Quote on gas pump limits hurts convenience for drivers
Paul Brisgone of Oxford Pennsylvania condemns credit card caps on gas purchases. He says paying with two cards to fill one tank defeats the pay-at-the-pump convenience and reflects tighter limits by card issuers.
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Paul Herbert
Morningstar
Herbert
Neuberger Berman
Paul Brisgone
Oxford
FundFocus bets on growth at discounts to manager estimates
This fund targets fast growing companies trading below the manager's value estimates. Its conservative stance aims to outperform rivals in a market downturn, expecting protection when equities fall.
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U.S
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