After a period of shifting between minor gains and losses, the U.S. stocks were lower on Thursday, as a leap in bond revenues urged a selloff in defensive sectors including real estate and utilities while investors circled in mixed earning results and deal news amongst NXP Semiconductors and Qualcomm.
Lumber Liquidators won a civil case, which had alleged the company for violating a state law in California that urges companies to report warnings regarding the possible harmful substances in their products.
Investment firm BlackRock has modernized its trading policies with the help of twenty tech skilled members' team. The company is shifting to electronic trading to overcome market challenges.
Oil price fell below $30 a barrel on international market for the first time since 2004. The $30 mark is both a psychological and financial threshold. Brent crude, used as an international benchmark, fell as low as $29.96, but bounced back to trade at $30.22
U.S. stocks have been on a roll of late, with the S&P 500 hitting the latest in a series of records on Thursday, and investors expect the index's momentum to soon carry it to - if not far past - the 2,000 milestone.
A Bloomberg report showed how gifts to institutions of higher learning in the US had rebounded this year.
The poverty rate of Americans rose to 46.5 million from last year shown in the stock market, according to a US Census Bureau data.
US stocks rose for a third consecutive day yesterday.
The US stock market was the best-performing market and thus, the place to invest.