U.S. stocks edged up on Monday as expectations the Federal Reserve will push any interest rate increases further into the year offset concerns over faltering economic growth spurred by a surprisingly weak jobs report on Friday.
Courtesy of a late afternoon acceleration for stock prices, the Dow industrials average closed the day down by 200-points. But that also meant that the venerable average closed down for the first quarter of 2015, which it also did in the same quarter last year. Is this the start of something bigger, such as a bull market correction?
CEOs at large U.S. companies collectively realized at least $6 billion more in compensation than initially estimated in annual disclosures in the five years after the financial crisis first hit, according to a Reuters analysis. The reason for the windfall: the soaring value of their stock awards.