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  • Trump meets with Fed boss Powell to talk economy in wake of White House criticism

    Fed says Powell gives no hints or promises about interest rates. Federal Reserve Chairman Jerome Powell met with President Donald Trump at his request to discuss the economy, but the Fed on Monday said Powell gave no hints or promises about what the central bank will do next. Trump has repeatedly and harshly criticized the Fed and Powell for not cutting interest rates fast enough when the economy weakened earlier this year, but he called the face-to-face meeting "good& cordial," in a...

  • This ratio suggests the U.S. stock market will take a 'brief pause' then climb higher, analyst says

    U.S. stocks climbed to record highs on Friday on rising hopes of a trade agreement between the U.S. and China. The Dow Jones Industrial Average closed above 28,000 for the first time ever, while the S&P 500 index hit its fourth consecutive record close. Negotiators on both sides have ensured the positivity continued over the weekend and reports suggest the U.S. will extend a license for companies to keep doing business with Huawei, the telecoms equipment company.

  • Dow, S&P 500 and Nasdaq pull back from records as investors eye U.S.-China trade reports

    By Chris Matthews and William Watts, MarketWatch. Dow ended last week with push above 28,000 milestone. Stocks were trading flat to slightly lower midday Monday after last week's push to records, as investors gauge prospects for a so-called phase one U.S.-China trade deal.

  • Gold heads higher as U.S. stocks, Treasury yields and dollar weaken

    By Myra P. Saefong and William Watts, MarketWatch. Investors continue to gauge U.S.-China trade prospects. Gold futures headed higher on Monday, getting a boost as U.S. benchmark stock indexes, Treasury yields and the dollar weaken-- lifting investor demand for the haven metal.

  • President Trump meets with Fed Chairman Powell to discuss economy

    Federal Reserve Chairman Jerome Powell on Monday met with President Trump, a frequent critic, to discuss the economy and interest rates, but his comments were similar to what Powell has already said publicly, the central bank said in a statement. "Chair Powell's comments were consistent with his remarks at his congressional hearings last week. He did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming...

  • Home builders' optimism wavers slightly, but they remain largely upbeat on the housing market's future

    If home builders stay positive, that could benefit would-be home buyers who were priced out of the market. The numbers: Home builders are still quite optimistic about what the future holds for the housing market-- but the current state of affairs has given them slight pause. The National Association of Home Builders' monthly confidence index dipped one point to 70 in November, the trade group said Monday.

  • Oil prices retreat after posting back-to-back weekly gains

    By Myra P. Saefong and William Watts, MarketWatch. Oil futures traded lower on Monday, giving up some of their recent price climb after posting back-to-back weekly gains on rising optimism over prospects for a so-called phase one U.S.-China trade deal. "Trade optimism continues to play a major role in what has been a generally bullish run since early October, but the lack of concrete progress should challenge further speculative support," said Robbie Fraser, senior commodity...

  • It's great the stock market is setting records, but it's not because the economy is great

    Consumer spending, business production slow ahead of holidays. Stocks on Wall Street have soared to fresh record highs, but it's not because the economy is flashing a big thumbs-up sign. The economy is still expanding, to be sure, and sporadic worries about recession have faded again.

  • Stocks turn mixed in early action on trade uncertainty

    U.S. stocks opened lower after touching another round of fresh highs last week. Early-morning reports cast doubt on the possibility of an agreement between American and Chinese negotiators, however. The Dow Jones Industrial Average fell nearly 34 points, 0.1%, at the open, to 27,971, but recovered shortly after the open.

  • Why Dow 28,000 could mark that 'blowoff top' bears have been predicting

    Last month, the Federal Reserve began snatching up short-term Treasury debt to the tune of $60 billion per month in response to the repo mess that sent a chill through Wall Street back in September. While it might sound like another round of quantitative easing, Fed Chair Jerome Powell wanted to make it clear: It's not. "In no sense is this QE," he said.

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