Equities continue to press higher as the cash S&P reached a new record in yesterday's session. The major focus remains the FOMC meeting next week, where an increasing number of analysts believe the Fed will begin scaling back its bond purchases.
Job openings in the U.S. climbed to a five-year high in October, indicating employers were confident about demand even as Washington’s budget impasse shuttered parts of the federal government.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
Wall Street faces intrusive new government oversight of trading after U.S. regulators issued what they billed as a stricter Volcker rule today, imposing restrictions designed to prevent blowups while leaving many of the details to be worked out later.