Yesterday (Tuesday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on CNBC World to talk over the biggest news from the stock market now.
Today, the Dow Jones Industrial Average set a new record high at 15,746.88, and the S&P 500 closed at 1,770.49 (a 0.43% rise since yesterday). The rising markets are indicative that investors believe the U.S. Federal Reserve will see the data and choose to continue with its interest-rate lowering quantitative easing (QE) program.
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Stock Market News Today, Oct. 28: Stocks are weighed in morning trade, reversing out of earlier gains as investors are hit with a disappointing report on pending home sales despite a more positive report on industrial production.
Pending home sales slid 5.6% in September to the lowest level in nine months, likely weighed by higher housing prices and higher interest rates.
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A few major mergers and acquisition deals are claiming headlines in stock market news today.
Last month, stocks suffered their biggest monthly decline in a year. But today stocks are kicking off September on a positive note after a three-day weekend. Stocks are rebounding from last week's selloff, stemming from fears of a U.S. strike against Syria.
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