U.S. stocks plunged, with the Dow Jones Industrial Average tumbling more than 600 points, as a litany of concerns wiped out the rally in risk assets.
On Tuesday the first book known to be written about a stock exchange went on sale at Sotheby’s Rare Books and Manuscripts online auction, carrying an estimate of $200,000 to $300,000.
The easing of U.S.-China trade tensions might not be as unabashedly bullish as investors had expected.
A 7 percent rebound from last month’s lows has pushed the S&P 500 Index above both its 50-day and 200-day moving averages for the first time since early October.
In a month dominated by midterm elections, trade tussles, Federal Reserve talk and concerns about slower growth, the message was clear: steer clear of risk.
Goldman Sachs Group Inc. says the allure of mutual funds is fading as the year draws to close.
U.S. stocks fell and Treasuries rose as investors scrutinized any perceived development in the American trade war with China and assessed the impact from a potential slowdown in interest-rate hikes.
Stocks charged higher after Federal Reserve Chairman Jerome Powell delivered a double-dose of fuel for equity bulls, on interest rates and valuations.
The U.S. economy remained on a solid footing in the third quarter, matching previously reported results, as stronger business investment and a bigger boost from inventories cushioned a trade drag that matched the worst since 1984.