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With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.Concerns about a technical correction have been a hot topic for weeks, especially as the rally accelerated in May - the S&P 500 is up 4.4 percent so far this month and up nearly 17 percent for the year. But as the three major U.S. stock indexes inch higher and higher to set record after record, many analysts are shrugging off the pullback worries."There isn't a technical level that we have in mind at this point when making decisions. The momentum is really strong, and riding along that momentum is what we should have in mind at this point," said Cam Albright, director of asset allocation at Wilmington Trust Investment Advisors in Wilmington, Delaware.The S&P 500, which rose above the 1,600 level only about two weeks ago, is now less than 40 points away from 1,700.As the market continues its...
President Barack Obama expressed confidence Tuesday that he will be able to push his agenda through Congress. "As Mark Twain said, rumors of my demise may be a littl...
House Republicans are making another attempt to push through approval of the Keystone XL oil pipeline, advancing a bill Wednesday that streamlines U.S. backing by re...
A retail lobbying group that represents Best Buy Co. (BBY), Wal-Mart Stores Inc. (WMT) and Target Corp. (TGT) is objecting to a proposed $7.25 billion class-action s...
The budget battle on Capitol Hill heated up Wednesday as President Barack Obama released his budget for fiscal 2014 that aims to find middle ground to progress long-...
The U.S. Supreme Court will hear arguments on Monday over whether big drug companies can settle patent litigation with generic rivals by making deals to keep cheaper...
Cyber-security experts and lawmakers are on Capitol Hill highlighting what the recent slew of cybercrime attacks means for SMBs and offering tips for prevention.
House Speaker John Boehner on Thursday insisted on spending cuts before raising the U.S. debt limit, saying that the ratio must be "dollar for dollar." Speaking to r...
This year has proven to be quite a challenge for the IRS. Thanks to last-minute tax changes from lawmakers on Jan.1, the agency had to scurry to update its forms and...
Lawmakers' decision not to extend the payroll tax at the start of the year has not only dampened consumers' spending habits, but also their social lives. The payrol...
WSJ editorial board member Jason Riley on Thomas Perez as next Secretary of Labor.
Former FDIC Head Sheila Bair on the latest controversy surrounding the big bank.
Current and former J.P. Morgan Chase & Co. (JPM) executives fought to explain to lawmakers how a complex trading portfolio that came to be known as the "London whale...
President Barack Obama named top White House budget office aide Daniel Werfel to be acting commissioner of the Internal Revenue Service, the White House said on Thur...
High-frequency trading firms increased their campaign contributions to federal lawmakers by 673 percent from the 2008 to the 2012 election cycle, according to a repo...
As Congress looks for ways to close the growing deficit and curb spending, the mortgage interest deduction could be on the chopping block, and with good reason: it's...
I knew buying my first home wouldn't be easy. I was wrong. It's been brutal. My husband and I moved to Washington, D.C., from Manhattan in 2012 and after renting for...
Federal Reserve Governor Daniel Tarullo on Friday pushed back against efforts on Capitol Hill to unwind a global agreement on bank capital, arguing that any attempt ...
CME profit falls to $235.8 million, or 71 cents a share-Trading activity rises 1% over first quarter of 2012, though average fee slips 3%-Lighter trade in agricultur...
The Securities and Exchange Commission voted unanimously Wednesday to give overseas financial firms more leeway in adhering to their home countries' rules governing ...
