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Stock market news, June 26, 2014: The Dow Jones Industrial Average and other U.S. markets dipped Thursday on news of weaker consumer spending. Additionally contributing was a rise in a critical inflation gauge in the domestic economy.
Here's the scorecard from today's trading session:
DOW: 16,846.13 (-0.13%)
S&P 500: 1,957.22 (-0.12%)
NASDAQ: 4,379.05 (-0.02%)
And here is the top stock market news from today:
- Cancel that Appointment: In a surprise unanimous decision, the U.S. Supreme Court dealt a blow to executive power by limiting the president's ability to issue recess appointments while the Senate is on break. Specifically, the High Court said that U.S. President Barack Obama lacked the authority to make recess appointments to the National Labor Relations Board in 2012. According to the court's ruling, Congress was not officially in recess at the time; it was on break, making the appointments invalid. The ruling negates more than 100 decisions that have been issued by the NLRB board, including a labor dispute involving a
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.