By John Solomon
How the government's punishing of the exposure of official wrongdoing can linger for years
Schaeffer is a term primarily used as a surname in a number of countries in the Western world, and is derived from the Middle High German term schafferre, which —in that language— referred to the manager or steward of a household. - Source: Wikipedia
The U.S. stock market joined a global rally Tuesday, and the Dow Jones industrial average continued to flirt with the 15,000 mark.
Investors brushed off early jitters about a potential slowdown in China and pushed the Dow to its highest close of the year.
Stocks rose Wednesday on Wall Street after U.S. corporate earnings reports got off to a good start.
A pair of encouraging economic reports helped nudge the stock market higher Wednesday. Measures of business activity in the service sector and job growth last month came in better than economists had expected.
Nobody ever said reading the Federal Reserve was easy. On Wednesday, the Fed appeared to suggest it was closer to taking additional steps to help the U.S. economy. Stocks rallied as a result and finished the day well off their lows. But the prospect of Fed help seemed much less certain Thursday, and stocks fell.
Monday is the only day the stock market is more likely to fall than to rise.
Stocks are surging on Wall Street, breaking a four-day losing streak, after the government reported a sharp pickup in hiring by U.S. employers in July.
Stocks climbed Thursday afternoon after spending the morning barely in the green. The Standard & Poor's 500 index crossed 1,400 for the first time since June 2008, and the Dow Jones industrial average was on track to close higher for a seventh straight day.
The Dow Jones industrial average narrowly missed 13,000. Again. A burst of selling at the closing bell drove the Dow lower after it hovered around the milestone for most of the afternoon. The average finished the day about 19 points shy of the mark.
Trouble on two fronts in the European debt crisis sent American stocks tumbling Wednesday to their biggest loss since the rocky trading of last summer. The Dow Jones industrial average fell nearly 400 points.
