U.S. Stocks rose off the morning lows because of persistent rumors that the Fed is NOT going to raise interest rates. Oil also rose on the same speculation and is currently sliding back down after failing at the 45 resistance.
The Federal Reserve's decision on raising interest rates is difficult because after six years into the recovery, manufacturers are still struggling to raise prices.
Here is the current market situation from CNN Money
North and South American markets are broadly higher today with shares in U.S. leading the region. The S&P 500 is up 1.03% while Mexico's IPC is up 0.61% and Brazil's Bovespa is up 0.57%.
$NYA200R chart below is the percentage of stocks above the 200 DMA and is always a good statistic to follow. It can depict a trend of declining equities which is always troubling, especially when it drops below 60% - 55%. Dropping below 40%-35% signals serious continuing weakness and falling averages.
NEW YORK (AP) — U.S. stocks rose on Tuesday, a day ahead of the start of a crucial Federal Reserve policy meeting. Fed policymakers will convene a two-day meeting on Wednesday and could decide to raise interest rates for the first time in close to a decade.
Energy stocks rose more than the rest of the market as the price of crude oil moved higher. KEEPING SCORE: The Dow Jones industrial average gained 157 points, or 1 percent, to 16,528 as of 12:13 p.m. Eastern time Tuesday. The Standard & Poor's 500 index climbed 16 points, or 0.8 percent, to 1,969. The Nasdaq composite rose 36 points, or 0.8 percent, to 4,842.
VOLATILE MARKETS: The stock market has recovered some of the ground that it lost in August and early September, but is still down from its peak of the year as traders and investors fret about the possible impact of slower growth in China and other emerging markets. The S&P 500 is down 7.5 percent from its record close set in May.
DETROIT (Reuters) - Negotiators for the United Auto Workers and Fiat Chrysler Automobiles were still bargaining at midday on Tuesday over wages and benefits for about 40,000 U.S. workers as the union delayed calling for strikes at the company's most profitable operations.
"Nothing... We've learned nothing since the collapse of Lehman Brothers seven years ago today," according to Saxo's Steen Jakobsen.
He argues the emergency measures brought in in 2008 have been in place for far too long and, like a broken arm that's kept for too long in plaster, economic muscle has withered.
Jakobsen predicts lean times ahead, but that's not necessarily a bad thing as central bank funding has acted like a sugar diet on the global economy. Reforms to improve productivity are desperately needed and he considers whether an imminent interest rate rise in the States could be catalyst for a new normalisation.
PARIS (Reuters) - Apple Inc's move to make ad-blocking software available on the iPhone is a double-barrelled effort to boost the health of the so-called app economy, while undermining arch rival Google Inc , which dominates the $120 billion online advertising market.
2 Year Treasury yields have jumped 4.5bps today, breaking to 77.4bps - the highest since April 2011 as it appears (despite the 30% odds of a rate hike priced into the ED curve) Fed jawboning is creating front-end selling (in the face of weak data). Notably this is the same level that 2Y rates traded at in Dec 2008 after the initial tumble post-Lehman.
Forget 2s, 12 Month T-Bill going a bit vertical pic.twitter.com/w9GtBY14So
— Not Jim Cramer (@Not_Jim_Cramer) September 15, 2015
CHICAGO (Reuters) - Target Corp said on Tuesday it has partnered with Instacart Inc to deliver groceries for as little as $3.99 per order, as it overhauls its food business and competes with Amazon.com Inc's grocery delivery service.
(Reuters) - U.S. stocks rose in cautious trading on Tuesday after data showed retail sales continued to climb in August, strengthening the case for an interest rate increase when the Federal Reserve meets this week.
WASHINGTON (Reuters) - General Electric Co said on Tuesday it will move 500 U.S. power turbine manufacturing jobs to Europe and China because it can no longer access U.S. Export-Import Bank financing after Congress allowed the agency's charter to lapse in June.
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