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Stockreport

U.S. Stocks Climb as Dollar Slumps for Third Day: Markets Wrap [Bloomberg Business News]

LEGG MASON (LM)  More Company Research Source: Bloomberg Business News
Last legg mason earnings: 7/25 04:15 pm Check Earnings Report
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PDF U.S. stocks advanced, while the dollar fell and Treasuries rose as financial markets looked ahead to Wednesday’s inflation report.  The S&P 500 Index reversed losses from earlier in the day amid a rally in financial shares. Assets seen as safe havens gained as last week’s surge in volatility continued to weigh on traders, with the yen headed for the strongest close since November 2016 and the Swiss franc up with gold. The dollar’s three-day loss was the biggest since late January. Charles Schwab Chief Investment Strategist Liz Ann Sonders says “the fundamentals are strong.” (Source: Bloomberg) Volatility levels are still elevated, showing traders’ continued unease after the rout that wiped $2 trillion from U.S. stocks last week. Consumer-price data due Wednesday could give some clues on where markets are heading, given that pressure on equities has been emanating from the outlook for inflation. “As we move through the rest of this econom [Read more]

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