Stock Market Today, Aug. 27, 2014: U.S. stock markets remained relatively unchanged this afternoon, maintaining their record highs. On a day of very light volumes, most of the attention focused on monetary policy in Europe and several retail companies that reported earnings today.
On the international front, the German 10-year bund yield struck a record low, falling to 0.91% today. European equity and bond markets are quickly reacting to increased speculation that the European Central Bank (ECB) will begin its own massive round of quantitative easing. Last week, ECB President Mario Draghi said in a speech that the central bank could begin stimulus efforts very soon to help refuel struggling economies in Germany, Italy, and Spain, among others.
Here's the scorecard from today's trading session:
Dow: 17,122.01, +15.31 (0.09%) Nasdaq: 4,569.62, -1.02 (-0.02%) S&P 500: 2,000.12, +0.10 (0.00%)
Now, here are the top stories from today:
Now our experts share some of the most important investment moves to make based on today's market trading - for Money Morning Members only: