Daily Data Flow
Amazon, Microsoft Lead S&P 500 to Record High
Amazon and Microsoft rallied after beating earnings estimates, propelling the S&P 500 to a new record high. In addition, falling consumer confidence numbers caused investors to speculate that the Federal Reserve will continue to delay its stimulus tapering.
![[House for Rent]](https://stage8.stockinvestor.com/wp-content/uploads/shutterstock_109662848.jpg)
Rental-Backed Security Bonds to be Offered by Blackstone
Rental-Backed Security Bonds to be Offered by Blackstone (CNBC) Mortgage-backed securities are dead. Long live rental-backed securities! Blackstone, the largest investor in single-family rental homes, will offer a security backed by those homes through JPMorgan, Deutsche Bank and Credit Suisse. “Noting the lack of performance data, Fitch expects to place a strong emphasis on reliable […]
![[Italian Flag]](https://stage8.stockinvestor.com/wp-content/uploads/shutterstock_116799622.jpg)
ECB Says Italy Must Recover Alone, but Fate of Euro Zone in Balance
ECB Says Italy Must Recover Alone, but Fate of Euro Zone in Balance (Reuters) European Central Bank (ECB) policymaker Joerg Asmussen said Italy is too big to be rescued by external forces. Unfortunately for Europe, Italy, currently in its longest-ever post-war recession, is the third-largest economy in the euro zone. “In this sense, the future […]
Positive Earnings Data Boosts Stocks
Stocks rose today, thanks in part to forecast-beating earnings reports and the perception that the current slow economic growth will lead the Federal Reserve to continue its stimulus policies.
U.S. Trade Deficit Widened in August
The Commerce Department reported that the U.S. trade deficit rose to $38.8 billion, lower than economists’ expectations.
Fed Adopts Tougher-Than-Basel Liquidity Rules
The U.S. Federal Reserve voted today to require banks to hold enough liquid assets to survive a 30-day credit crunch; banks have 90 days to comment on the proposed rules.