'Melt-Up' Rally Propels Dow Above 26000 as Fear Turns to Greed
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The market's most recent gains have been powered in part by a sudden hunger for stocks among certain money managers and individual investors who have long been wary of the nearly nine-year bull market.
Asian Stocks Lose Morning Strength as Dollar Fades
Asia-Pacific stocks softened Thursday afternoon after initially building on Wall Street's latest records. Indexes in Japan, Hong Kong and New Zealand were among those giving up early gains.
Chicago and Dallas Fed Leaders Differ on Path of 2018 Rate Rises
Charles Evans and Robert Kaplan, leaders of the Chicago and Dallas Federal Reserve Banks, respectively, were both upbeat about the economy during a joint appearance but differed on how much the U.S. central bank may need to raise rates this year.
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Bank of Korea Raises Growth Forecast but Leaves Rates Unchanged
South Korea's central bank raised its growth forecast for this year and lowered its inflation outlook. But it left policy unchanged, saying it was still assessing the impact of its November move to raise rates for the first time since 2011.
Diesel Demand Boosted Crude, But May Now Hurt It
Robust demand for diesel has helped fuel the oil rally since the end of August-but the fuel's popularity could now hinder crude's further ascent.
U.K. House Prices Bounce Back
House prices in the U.K. rebounded in December, a survey showed, after they ground to a halt the previous month.
Dow Closes Above 26000 for First Time
A spate of bank earnings and corporate updates sent U.S. stocks to fresh records and the Dow Jones Industrial Average to its first close above 26000 Wednesday.
Fed Reports Tight Labor Markets but Modest Wage Gains
Economic activity across the U.S. expanded into 2018, with tight labor markets and modest wage and price growth, according to the Federal Reserve beige book report.
Bitcoin Extends Rout, Dipping Below $10,000
Bitcoin prices fell below $10,000, marking a drop of about 50% from their December record and illustrating the degree to which the cryptocurrency remains a highly illiquid and volatile investment.
U.S. Industrial Production Rose 0.9% in December
U.S. industrial production rose sharply in December, boosted by gains in utilities output as cold weather swept across the nation and increased demand for heating.
(END) Dow Jones Newswires
January 18, 2018 03:15 ET (08:15 GMT)