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Paul Dykewicz

S&P 500 Falls From Record amid Economic Data Reports

The Standard & Poor’s 500 Index retreated from a record set yesterday, after the Federal Reserve announced plans to trim its monetary stimulus, as investors weighed economic data today that included jobless claims and home sales.

Gold Dips below $1,200 an Ounce for First Time Since June

Gold fell below $1,200 an ounce in London and New York for the first time since June amid an improving U.S. economy and the Federal Reserve’s announcement yesterday of plans to scale back on its monetary stimulus bond buying in January 2014.

Wall Street Ends Near Flat; Pulls Back for the Week

Investors hoping for the market to shake off concern that the Fed may begin taping its easy-money policies in the wake of improving economic data will need to wait until at least next week, with stocks ending nearly flat today after a three-day drop that resulted in the worst week for the market in nearly four months.

Wholesale Prices in U.S. Fell for Third Month in November

Wholesale prices in the United States declined for a third month in November, reflecting lower costs for energy and cars.

Ford to hire 5,000 U.S. workers in 2014

Dearborn, Mich.-based auto maker Ford (F) announced plans Thursday to hire about 5,000 employees in the United States next year, even though its board of directors is seeking clarification that its CEO Alan Mulally plans to stay through 2014 rather than leave for the same post at Microsoft (MSFT).

U.S. Stocks Drop to One-Month Low as Economic Data May Push Fed to Taper

U.S. stocks fell a third day, dropping the Standard & Poor’s 500 Index to a one-month low, as improving economic data heightened speculation the Federal Reserve could cut stimulus as soon as next week.