With the Dow back to record highs, James K. Glassman, co-author of the most infamously wrong investment book of all time, 1999's "Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market," has resurfaced to insist that he and Kevin Hassett weren't wrong, just ahead of their time.
From Costco checking in with its latest financials to a highly anticipated video game that could breathe life into the moribund gaming industry, there will be plenty of news breaking in the coming days. Here are some of the items that will shape the week ahead on Wall Street.
Wall Street stock futures are signaling a declining Dow after six straight days of gains that pushed the index to a series of all-time highs.
U.S. stock futures are heading higher for the third straight day with a raft of economic indicators on tap, ranging from jobs and consumer debt, to productivity and international trade.
After barreling through a record the day before, the Dow Jones industrial average meandered higher on Wednesday. The DJIA edged up 42.47 points to close at 14,296.24. An encouraging job-market report helped nudge the stock market up and pushed bond prices lower. The question now is, how much longer can it keep climbing?
The Dow is closing at a record, beating the previous high it set in October 2007, before the financial crisis and the Great Recession. The Dow Jones industrial average rose 126 points, or 1 percent, to 14,253 Tuesday, beating its previous record by 89 points.
World stock markets rose Tuesday as investors applauded China's pledge to stick to economic growth targets for its economy, the world's second largest. Outgoing Premier Wen Jiabao said the government would spend what it needs to meet the target of 7.5 percent enshrined in the latest five-year development plan.
On Wednesday, the Dow Jones Industrial Average closed at 14,075, its highest close in the past five years, and within 90 points of its all-time high: 14,164, reached on Oct. 9, 2007. But what does that really mean for you, or the economy as a whole?
Sure, the stock market is looking strong now, but the recent downturn has left investors understandably on edge. If you're nervous about whether your portfolio is set up to weather the next financial storm, here are five pieces of sound advice for you.
Futures are rising as Chairman Ben Bernanke heads to Capitol Hill to explain what the Federal Reserve will do to accelerate the economic recovery only days before a series of mandatory budget cuts kick in.
Stocks are edging higher in early trading on Wall Street after a report showed that the U.S. trade deficit narrowed sharply in December, to $38.6 billion -- the smallest it's been in nearly three years.
Stock futures are moving higher with new data expected to show fewer Americans seeking unemployment benefits and another rise in consumer borrowing.
Stock futures are heading higher after the biggest sell-off this year, with strong economic data coming out of Europe and the U.S. service industry expected to show further expansion, though at a slower pace.
Among the things sure to help shape the week ahead on Wall Street, Visa will tell us whether we've been choosing plastic over paper; Disney will tell us how much magic it has in its financials; and Panera and Chipotle will serve up their quarterly results.
Markets surged as soon as the calendar turned to 2013 and kept rising for much of the month, pushing the Dow Jones industrial average to near-record levels. February started off equally strong. But some watchers worry that the market may have gotten ahead of itself.