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Business News

S&P Nears 2000


A potential market mover could be Fed Chairman Janet Yellen’s address before central banker’s in Jackson Hole at 10 am today.  The S&P 500 is less than 8 points away from closing above the 2,000 level for the first time ever. (CNBC)

The US manufacturing sector expanded in August, rising at the fastest pace in more than four years, according to the survey company Markit. "August's survey delivers further evidence that robust manufacturing growth momentum has been sustained through the third quarter," says Tim Moore, senior economist at Markit. (Reuters)

The index of U.S. leading indicators rose in July by the most in four months, as stronger job growth helps power the world’s largest economy.  The Conference Board’s index of U.S. leading indicators, a gauge of the outlook for the next three to six months, climbed 0.9% after a 0.6% gain in June. (Bloomberg)

US corporate-bond issuance is moving toward a record for the third straight year—with nearly a trillion dollars sold by companies so far, as they take advantage of a surprising interest-rate decline to stock up on cash. (Wall Street Journal)
 


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