By Rand Paul
Obama acts as though we no longer have a Constitution
Caterpillar pulled the Dow Jones industrial average lower Wednesday after the industrial giant reported weaker worldwide sales. A mixed report on housing also weighed on the market.
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.
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.
Stocks gained steadily Monday on a round of corporate takeovers and reports that Europe's bailout fund will be larger than anticipated.
The debt deal rally lasted all of 30 minutes. After gaining 139 points minutes after the market opened Monday, the Dow Jones industrial average sharply reversed course, shedding all of those gains after a key manufacturing index tumbled in July.
Mr. Orlando, who backs Republican Mitt Romney, said he thought the gain reflected optimism that Mr. Romney could win.
"We're on pins and needles," said Phil Orlando, chief equity strategist at Federated Investors, a money management firm.
