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News
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Financial News
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Treasuries were little changed Monday, with investors unwilling to commit to a strong market position ahead of a Federal Reserve policy meeting and record large note auctions this week.
The first of the auctions, the sale of $11 billion in five-year Treasury inflation-protected securities, or TIPS, on Monday, showed signs of weak demand but had little impact on Treasury prices. Treasuries began the day higher, spurred by safe-haven bids on concern over financial aid for Greece, but caution ahead of the Fed's policy meeting on Tuesday and Wednesday muted gains. [Read the full article] News of a regulatory exemption provided a big boost on April 13 to DeVry (DV), ITT Educational Services (ESI) and other school stocks. On Monday, DeVry and ITT tumbled amid reports that they might not get a pass in new Education Department rules after all. The Education Department is working on regulations that would link graduates' income to their student-loan payments. Credit Suisse said on April 13 that there could be an exemption for schools with a 50% completion rate and a 70% job-placement rate. That exemption likely would help DeVry and ITT, the bank said two weeks ago as it upgraded those two school stocks to outperform. [Read the full article] A few leading consumer stocks stood out Monday, while education providers tumbled. Rue21 (RUE) added 1.38 to 36.81, rebounding from more than a week of moderate losses. Volume was below average. The chain of apparel for young people, which went public in November, is near a new high. Priceline (PCLN) made a new high, climbing 8.66 to 270.36. The online travel service firm has found support in its ... [Read the full article] Most foreign bourses logged solid gains Monday on the heels of strong economic reports from the U.S. And China's biggest stock broker says plans to cool that country's white-hot property market could be a boon for equities. Japan's Nikkei 225-share index shot up 2.3% Monday and finished just 2% off a high that goes back to October 2008. The tech-rich Taiwan Weighted index leapt 1.9%, finally breaking into positive ground year to date. [Read the full article]
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