Monthly Archives: November 2016

[11/23/16]  The dollar surged to a more than 13-year peak on Wednesday, bolstered by upbeat U.S. economic data that showed the economy on track for steady growth and reinforced expectations of interest rate increases by the Federal Reserve next month and in 2017.

The greenback also posted sharp gains against the yen, rising to a more than seven-month high, and climbed versus the euro to its highest since early December.

A 0.4 percent rebound in U.S. durable goods orders last month after a decline in September as...

[11/23/16]  The Dow and the S&P 500 eked out record high closes on Wednesday ahead of the Thanksgiving holiday, helped by gains in industrial stocks, though losses in technology shares limited the advance and weighed on the Nasdaq. Caterpillar (CAT.N) rose 2.7 percent and hit the highest in about two years, while Deere (DE.N) jumped 11 percent to a record high close after the farm equipment maker reported a much smaller-than-expected decline in profit. Industrial stocks also were given a boost by a report that showed a strong jump in orders for durable goods in October due to demand for machinery and other equipment. The industrial index...