Gains in manufacturing, technology and housing kept the U.S. economy expanding at a “modest to moderate” pace from early October through mid-November, the Federal Reserve said.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
The stock market is looking weak for the last 24-48 hours. German DAX also reversed significantly lower in this week so it seems that stocks are turning slightly bearish, but most likely only for another correction.
Societe Generale SA, France’s second-biggest bank, placed sole blame on an ex-trader it didn’t identify for interest-rate rigging that cost it 446 million euros ($607 million) in European antitrust fines.