The stock market surged upward again today, extending its late-1985 rally in active trading.
Stock prices drifted lower today amid persistent concern over the recent upswing in interest rates.
Stock prices staged a broad advance in active trading Friday, pushing several market indicators to record or near-record levels.
Responding to falling interest rates, signs of a weakening dollar and a perception that Congress may get around to doing something about the federal deficit, the Dow Jones industrial average Monday closed above the elusive level of 1,300 for the first time.
A key index of future economic growth declined in August, the U.S. trade deficit narrowed and sales
The stock market swept ahead to new highs today, extending last week's rally.
The government's chief measure of future economic activity surged 2.1% in December, the biggest jump in nearly four years, thanks largely to increases in building permits and a flurry of borrowing, the Commerce Department said today.
The stock market closed out a week of uneven gains with a rally Friday, renewing its bid to recover from its early July slump.
The government said today its main forecasting gauge of future economic activity plunged 0.6% in April, the biggest decline in two years.
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