The report eased the outlook after a stronger-than-expected U.S. job openings report on Tuesday increased fears of even tighter monetary policy to curb a resilient U.S. economy.
Stocks closed mostly higher to kick off October as a sharp selloff in longer-dated U.S. government debt resumed. The Dow Jones Industrial Average fell about.
(Bloomberg) Investors with $250,000 or more to spend on municipal bonds are increasingly seeking opportunities to pick and choose what goes into their portfolios. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Pulls the Plug on Ukraine Grain Export DealRussia Derails Danone, Carlsberg Exits by Seizing AssetsMassive US Oil Caverns Sit Empty and Will Take Years to RefillThey’re flocking to investm
Billionaire investor Bill Ackman has criticized a plan by 11 US banks to deposit $30 billion into First Republic Bank, or FRB, saying it creates a "false sense of confidence" in the San Francisco lender.