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Stock market news today, August 27, 2014: U.S. stock markets struck multiple intraday records on Tuesday, as strong consumer data suggested further momentum for the economy. The S&P 500 hit another record, fresh off its first intraday rise over the 2,000 level yesterday.
All eyes will be on the international markets today, as investors look to the European Central Bank to get a better understanding of whether Brussels will ramp up stimulus spending to refuel sputtering economies in the region. Investors may also be wary of events in Eastern Europe, where Russian President Vladimir Putin met Ukrainian leader Petro Poroshenko for a one-on-one meeting. Following the discussion, Putin said it is up to leaders in Kiev to settle geopolitical problems with pro-Russian forces settled toward the eastern Ukraine border.
Here's what you should know to make your Wednesday profitable:
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.