September 2, 2009 |
Stocks are rose in early trading today. The gains come as European shares drop after a slight rebound in Asian markets. Investors are worried that after a six-month rally in stocks, markets are looking a little overvalued considering the economy's ongoing challenges. U.S. investors will be looking to reports on manufacturing activity, home sales and construction spending for further evidence of the economy's rebound. Sales reports from automakers will also be closely watched.
March 23, 2014 |
Dear Liz: In 2007, my parents signed over their house deed to my name. Does this trigger the gift tax? They never filled out a gift tax form. Is it too late? Dad has passed on but Mom is still with us. She has Alzheimer's disease, and I have her power of attorney. Are there no taxes due because of the lifetime exclusion? Answer: Yes, a gift tax return should have been filed, but no, the gift tax itself almost certainly wasn't triggered. In 2007, each of your parents would have had to give away more than $1 million in their lifetimes before gift tax would be owed.
December 12, 2012 |
NEW YORK -- Stocks jumped after the Federal Reserve said it would keep interest rates low as long as the unemployment rate stays above 6.5%. The Dow Jones industrial average rose 65 points, or 0.5%, to 13,314 in midday trading. The broader Standard & Poor's 500 index gained 10 points, or 0.7%, to 1,438. The technology-heavy Nasdaq rose 6 points, or 0.2%, to 3,028. The Fed also announced it would spend $45 billion a month buying Treasury bonds to keep long-term rates low. The central bank has embarked on large-scale bond buying as a way to lure investors into riskier assets such as stocks.
May 25, 2010 |
Stock markets plunged this morning with fears about the European economy and a Korean military confrontation driving the Dow Jones industrial average below 9900. The Dow had fallen 2.2%, or 217.80 points, at mid morning and other indexes fell even more sharply. The Nasdaq composite index was down 2.37% or 52.56 points to 2160.99. The rough opening came in the middle of a tumultuous day of trading in Europe and Asia. Fears about the health of the European Union's economy were stoked when four Spanish banks announced late Monday that they were planning to merge just a few days after the Spanish government bailed out another leading Spanish bank.
August 27, 2012 |
Stocks were mixed in early trading Monday, cooling a late Friday rally on speculation of further monetary stimulus in the U.S. The Dow Jones industrial average lost 29 points, or 0.2%, to 13,129 shortly after the opening bell on Wall Street. The broader Standard & Poor's 500 index was down 1 point, or 0.1%, to 1,410. The Nasdaq was up 1 point, essentially flat at 3,071. Apple Inc. shares rallied following the company's $1-billion victory in a patent lawsuit with rival Samsung.
July 10, 2012 |
NEW YORK -- Stocks gained in early trading Tuesday after European leaders agreed on bailout terms for Spain's troubled banking system. The Dow Jones industrial average gained 43 points, or 0.3%, to 12,779 shortly after the opening bell. The Standard and Poor's 500 index rose 7 points, or 0.5%, to 1,359. The Nasdaq was up 8 points, or 0.3%, to 2,939. Major European stock indexes were up about 1% or more. Spain's costs of borrowing eased, meanwhile. The country's 10-year bond yield slid to about 6.7%, down from about 7% Monday.