Written by Gary
Wall Street closed higher today for its strongest week since March after U.S. Federal Reserve Chair Janet Yellen said an interest-rate hike would likely be appropriate 'in the coming months.' Oil futures also ended the session higher and a gain for the week, but below the $50 yesterday. Financial markets in the U.S. will be closed on Monday for the observance of Memorial Day, in honor of men and women who died while serving in the U.S. military.
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Infographic Of The Day: Best Places For First-Time Home Buyers
Indianapolis is the best market for first-time home buyers right now, according to Zillow's latest analysis. Pittsburgh and Memphis are also high on the list of places that are the easiest for first-time buyers.
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27May2016 Market Update: Yellen's Speech Does Little To Move The Major Averages One Way Or The Other, SP500 On Track For Largest Weekly Gain Since March
from Dirk Ehnts, Econoblog101
This is from his article at Project Syndicate:
Written by Gary
US markets flat, but in the green with the S&P 500 on track for its largest weekly gain since March, helped by gains in consumer discretionary and health stocks.
27May2016 Pre-Market Commentary: Futures Fractionally Higher, WTI Crude Trading Below $50, GDP Comes
ECRI's WLI Growth Index which forecasts economic growth six months forward expanded marginally and remains in positive territory for the ninth week - after spending the previous 34 consecutive weeks in negative territory.