Economic Preview: Home sales getting crimped by more than the weather
The early-spring sales season for the housing market is looking decidedly tepid. Officials will release monthly sales data this week for new and existing homes, and economists polled by MarketWatch expect that both series remain at lackluster rates in March.
S&P 500 Rises to Highest Level Since 2008 on Economic Reports
U.S. stocks rose, sending the Standard & Poor’s 500 Index above its highest close since 2008, as better-than-estimated consumer sentiment and home sales reports bolstered confidence in the world’s largest economy.
Stocks close in the red on concerns Fed will pare back stimulus
Stocks closed out a volatile week on Wall Street broadly in the red Friday, as investors digested a batch of mixed economic reports amid lingering concerns over whether central banks will pare back their stimulus programs.
Financial markets suffering a crisis of confidence
With investors dumping assets ranging from bonds, currencies to equities, there appears to be a lack of hope among investors that central bank policies can generate real economic recovery, said strategists.