Fed Officials Ready to Start Shrinking Portfolio in Months
Continue Reading Below
Federal Reserve officials in June readied plans to start slowly shrinking the central bank's large portfolio of bonds and other assets in the next few months, according to minutes of the central bank's June meeting released Wednesday.
Global Stocks Fall as Bond Yields Climb
Stocks turned lower while German government bond yields climbed to their highest since early 2016 as investors bet central banks were edging closer to an exit from ultra-easy monetary policies.
Oil Falls Amid Global Glut Worries
Oil's rally came to an abrupt halt Wednesday as worries about the persistent global oil glut came back into focus.
Continue Reading Below
France to Sell Assets to Create $11 Billion Innovation Fund
France's finance minister said he would announce "significant" asset sales in the coming months to finance President Macron's election promise of a $11 billion fund for investment in disruptive innovation.
Second-Quarter Winners & Losers in the U.S. Stock Market
The Dow Jones Industrial Average and the S&P 500 have risen for seven straight quarters, fueled in part by investors' expectations for improved corporate earnings and U.S. economic growth.
Active Managers Take on Low Volatility, Helped by a Little Luck
This was meant to be the year that active managers beat the index. Depending on who made the prediction, that was supposed to be because of more dispersion between the best and worst stocks, or rising volatility, or because the correlations between stocks would break down. Still, it wasn't obvious that this environment was that bad for mutual funds that own big U.S. stocks.
Hotels, Cruise Lines, Casinos Among Top U.S. Stocks So Far This Year
Hotels, cruise lines and casinos are some of the best-performing stocks in the U.S. so far this year, reflecting solid demand for travel and leisure despite industry concerns that President Donald Trump's policies could hurt foreign tourism.
S&P Rises on Rebound in Technology Shares
A rebound in technology shares boosted the S&P 500 while energy shares slid as oil prices tumbled anew.
Saudi Aramco Cuts Oil Prices in Asia As Competition Rises
Saudi Arabia's state-run oil giant Aramco said it would cut the price of its lighter crude grades to Asia in August, amid rising competition from rival producers in the Organization of the Petroleum Exporting Countries.
Mortgages Undergo an Attitude Adjustment
Millennials buying homes are increasingly opting for adjustable-rate mortgages
(END) Dow Jones Newswires
July 06, 2017 07:16 ET (11:16 GMT)