By Douglas Holtz-Eakin
The young drop coverage to avoid higher premiums
Federated Investors is a large financial services company headquartered in Pittsburgh, Pennsylvania. Founded in 1955, the company manages $336.8 billion dollars of customer assets. The corporation offers 158 different types of mutual funds. Federated serves a diverse range of customers, including banks, broker/dealers, trust departments, investment companies, charitable organizations, and pension plans. Equity and fixed income mutual funds are offered in the U.S. and in Europe through financial intermediaries. Federated offers a variety of investment options including investment products that focus on: small-mid cap, large cap, core equity, ultra-short bond, short-term bond, and intermediate term bonds, among others. - Source: Wikipedia
The stock market crept higher in midday trading Thursday, one day after the Dow Jones industrial average posted its biggest gain in more than a year.
Investors drew little hope Wednesday for a quick compromise in U.S. budget talks after President Obama insisted that higher taxes on wealthy Americans would have to be part of any deal.
Major stock-market indexes climbed Tuesday as investors waited for the finish of a closely fought U.S. presidential election.
Major stock-market indexes climbed Tuesday as investors waited for the finish of a closely fought U.S. presidential election.
A quiet day on Wall Street turned into the worst sell-off in three months after a Federal Reserve official said he doubted the bank's effort to boost economic growth would work.
A mixed pair of economic reports kept the stock market hovering near the break-even mark Tuesday. One report on home prices looked encouraging, and another on consumer confidence was worrisome.
It was the buy signal that markets were waiting for. When European Central Bank president Mario Draghi vowed to "do whatever it takes" to keep the continent's monetary union intact, stocks were off to races in the U.S. and Europe.
Fear that Spain may need a bailout sent its borrowing costs soaring, the euro to a two-year low against the dollar and stocks around the world tumbling as investors pulled back Monday from all manner of risk.
Strong earnings from IBM and other technology companies nudged the stock market higher Thursday, but a trio of weak economic reports kept the gains in check.
A rally in stocks on Wall Street mostly evaporated after investors didn't hear what they wanted to hear from Federal Reserve Chairman Ben Bernanke.
Stocks fell Thursday for the third day in a row as investors were daunted by reminders that Europe has not solved its debt crisis and the U.S. economy is far from healed, despite progress on both fronts.
Stock market gains accelerated Thursday on indications that a deal to restructure Greece's debt would succeed. That news overshadowed a small increase in applications for unemployment benefits last week.
A drop in the unemployment rate to its lowest in three years propelled the Dow Jones industrial average Friday to its highest close since before the 2008 financial crisis. The Nasdaq composite index hit an 11-year high.
Stocks gained steadily Monday on a round of corporate takeovers and reports that Europe's bailout fund will be larger than anticipated.
The wildest week in Wall Street history ended with a second day of gains.
