Stocks Waver Following Wall Street Record
U.S. stock indexes were mixed a day after a record close for the S&P 500 amid lower liquidity in the last days of the year.
Biden Eyes Raskin as Top Fed Banking Regulator
Sarah Bloom Raskin is being considered to become the Fed's vice chairwoman for supervision, as part of a group of central-bank nominees that could be unveiled as early as next week.
Argentine Bonds Rally on IMF Deal Hopes
Optimism that Argentina will strike a new agreement with the International Monetary Fund has lifted prices of the country's government debt by about 10% in December.
U.S. Home-Price Growth Slowed in October
The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas, rose 19.1% in the year that ended in October.
Flight Cancellations Remain Elevated Tuesday
Short-staffed U.S. airlines canceled hundreds of flights in the face of poor weather and rising Covid-19 infections, even as they welcomed new CDC guidance for shorter quarantines.
Stock Pickers Are Struggling to Beat the Market
Some 85% of active U.S. stock funds were on pace to underperform the S&P 500 this year.
Treasury Yields Seem Like a One-Way Bet Until They Aren't
Investors have become so conditioned to the Federal Reserve's low-interest-rate regime that it might be hard for them to bet on U.S. Treasury yields going up.
Fintech Stocks Fall Back to Earth
A drop in demand for fintech services such as PayPal and Robinhood, along with a broader retreat from tech stocks ahead of interest rate increases, has contributed to a selloff in what had been some of the market's best-performing names.
REITs Romped in 2021 as Property Values Soared
Industrial and self-storage drove REIT values higher this year, but headwinds are likely in 2022.