7 years ago070
Global fund managers cut U.S. stock market allocation to a more than 9-year low.
The managers see Nasdaq as the most crowded trade in the world.
Tech has been the largest overweight 80 percent of the time since 2008, but the managers reduced it to second largest in June.
Fund managers see Nasdaq stocks as the most crowded...
8 years ago050The Dow Jones, S&P 500 and Nasdaq all began Monday’s session helped by positive oil prices and international equity markets.
Benchmarks started higher
Wall Street equities opened the week positively, pushing higher after last week’s record highs.
The move higher is supported by another mini rally in oil prices. West...
8 years ago046Consumer spending rose just 0.1% in March, adding to the gloom.
Personal income and spending data disappointed
A dismal end to a dismal week looks in store as US stocks add to yesterday's heavy losses.
Personal income and outgoing data that missed expectations added to the gloom, with consumer spending rising a mere 0.1% in...