Treasuries, U.S. Stocks Climb on Home Data; Gold Rallies

EDT Carry-trade unwind could spell trouble for stocks stock picks for today LEARN MORE New, improved Portfolio coming soon! We are partnering with LikeAssests to bring a powerful investment tracking platform to MarketWatch. This new Portfolio will enable you to sync and view all of your investment accounts integrated with MarketWatch’s breaking news and analysis, and provide you with more tools to manage your positions. The current “My Portfolio” will remain and your data won’t be lost, but the feature will be renamed as “Watchlist” starting on August 27.
Source: http://articles.marketwatch.com/story/carry-trade-unwind-could-spell-trouble-for-stocks-2013-08-23?link=MW_story_featstor

The Fed has been buying $85 billion in bonds every month to hold down long-term interest rates and encourage lending. Minutes from the Fed’s July meeting released on Wednesday failed to give investors any clear indication of when the central bank will start slowing its bond purchases. Some investors are using the summer slump as an opportunity to buystocksat less expensive prices, said Joe Bell , a senior equity analyst at Schaeffer’s Investment Research.Stocksclimbed to record highs at the start of the month. Stocksare “getting more attention in the mainstream,” said Bell.
Source: http://www.csmonitor.com/Business/Latest-News-Wires/2013/0823/Stocks-close-higher.-Microsoft-surges

Halliburton, Chesapeake lead energy stocks higher

1, but was unable to close above its 50-day moving average for a fifth straight session. The mark, now at 1,659.34, has become a technical hurdle. “We’ve got the 50-day (average) right there. We are all kind of still catching our breath after yesterday’s flash freeze,” said Ryan Detrick, senior technical strategist at Schaeffer’s Investment Research in Cincinnati, Ohio.
Source: http://www.reuters.com/article/2013/08/23/markets-usa-stocks-idUSL2N0GO13F20130823?type=companyNews&feedType=RSS

Stocks close higher. Microsoft surges.

San Franciscos John Williams told CNBC he wants to taper our purchases later this year if the economy doesnt flag, while Atlantas Dennis Lockhart said he would be supportive of slowing purchases next month if the expansion holds up. Data today from the Commerce Department showed purchases of new U.S. homes plunged in July by the most in more than three years and previous months were revised down, a sign that growth in the industry may be taking a pause as mortgage rates rise. Yields on 10-year Treasury notes have risen toward a two-year high.
Source: http://www.bloomberg.com/news/2013-08-23/u-s-stock-index-futures-little-changed-before-house-data.html

U.S. Stocks Rise Amid Plunge in Home Sales, Fed Gathering

rose 1.2 percent after the shares slid the most in more than four months following a trading disruption yesterday. Nasdaq halted trading of its listed stocks for three hours yesterday because a computer problem left some investors without quotes and the company did not want to have information asymmetry, Chief Executive Officer Robert Greifeld said in interviews today. The Chicago Board Options Exchange Volatility Index, or VIX, dropped 5.3 percent to 13.98. The equity volatility gauge has fallen 2.7 percent in the past five days, halting two consecutive weeks of advances. The Stoxx Europe 600 Index increased 0.4 percent, trimming its decline for the week to 0.5 percent. An index of household confidence in the euro zone improved for a ninth month to the highest level since July 2011, the European Commission in Brussels said in a preliminary report.
Source: http://www.bloomberg.com/news/2013-08-22/asian-futures-advance-as-dollar-holds-gains-copper-rises.html

Stocks end higher on Wall Street; Microsoft jumps

13, 2013, file photo, Trader Frederick Reimer works on the floor of the New York Stock Exchange. Encouraging economic figures from Asia and Europe helped stocks advance and broke a six-day losing streak for the Dow Jones industrial average on Thursday, Aug.22, 2013, though trading on the Nasdaq was interrupted by a technical glitch just after midday. Photo: Richard Drew FILE – In this Tuesday, Aug. 13, 2013, file photo, Trader Frederick…
Source: http://www.sfgate.com/news/article/Stocks-end-higher-on-Wall-Street-Microsoft-jumps-4756611.php

US STOCKS-Wall St rises a day after Nasdaq outage, Microsoft up

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Source: http://www.marketwatch.com/story/halliburton-leads-energy-stocks-higher-2013-08-23

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