Japan Slips Back into a Recession as the S&P 500 Jumps to a Record High
The Dow rose only 13% today as the stocks end mixed on a relatively quiet Monday. However, the S&P 500 was able to push even further to set yet another closing high - this is the 7th record close for the S&P 500 in the last 9 sessions. News that the world's second largest economy, Japan, slipped back into a recession reached Wall Street today. Japan's economy did not expand at the expected 2% pace in Q3, instead contracted 1.6%, marking a second consecutive quarterly loss for Japan.
Word on the Street
- Japan reportedly slips back into a recession.
- Actavis (ACT) set to purchase Allergan (AGN) for $66B.
- Is the time right to sell U.S. stocks and buy European?
- Young investor? Don't buy Apple (AAPL) or Tesla (TSLA).
- Uber and Spotify look to announce a partnership.
- Baker Hughes (BHI) to be acquired by Halliburton in $34.6B deal.