- BusinessCNBC.com•39 minutes ago
Fed members say they are not worried about stock market surge
The stock market's seemingly unstoppable rally is drawing notice from Federal Reserve officials. At their meeting in July, central bank officials discussed whether the rise in equity prices was posing broader financial dangers – and whether the Fed's accommodative policies were adding to the risk-taking environment. However, they ultimately concluded that the market rise was based not on speculation but on fundamentals. "A couple of participants noted that favorable macroeconomic factors provided backing for current equity valuations," minutes from the meeting stated. "In addition, as recent equity price increases did not seem to stem importantly from greater use of leverage by investors, these
BusinessZacks•6 hours agoFalling Earnings Estimates Signal Weakness Ahead for Mylan (MYL)
Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. One such stock that you may want to consider dropping is Mylan N.V. MYL, which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A key reason for this move has been the negative trend in earnings estimate revisions.
- BusinessMarketWatch•2 hours ago
Gold futures poised for third straight losing session
Gold futures looked set to extend their declines to a third session Wednesday as a trio of a strengthening dollar, rising stocks and subsiding tensions around the globe weighed on so-called haven assets. Traders also are awaiting further clues on monetary policy from minutes, set to be released at 2 p.m. Eastern time from the Federal Reserve’s most recent meeting in July, which could influence metals prices. December gold GCZ7, -0.16% fell $1.80, or 0.1%, to trade at $1,277.90 an ounce. The metal has fallen this week as a war of words between North Korea and the U.S. has receded. Silver for September delivery SIU7, +1.11% however, tacked on 19.1 cents, or 1.1%, to $16.905 an ounce, giving back
