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Financial Markets…U.S. equities edged higher in morning trading Wednesday as encouraging data on U.S. consumer spending and inflation in October diminished expectations for Fed’s December tapering. The S&P 500 gained 0.2%, after climbing as much as 0.4% earlier, and the Dow rose 0.1%. Investors are awaiting a release of the Federal Reserve’s recent policy meeting minutes that may provide some clues on the timing of reduction in the monthly stimulus program.
Financial Markets…U.S. stocks extended their gains on Friday, with the Dow and the S&P 500 indexes hitting new record highs, following reassuring comments by Federal Reserve chair nominee Janet Yellen that the central bank will maintain stimulus. The Dow gained 0.3% in morning trade, while the S&P 500 added 0.2%, heading for a six-consecutive week of gains. Still, gains were somewhat limited after data showed manufacturing in the New York unexpectedly shrank in November while U.S. industrial production decline in October.