S&P

12:32pm

Wed September 4, 2013
Business

S&P Accuses U.S. Of Suing To Retaliate For Credit Downgrade

Originally published on Wed September 4, 2013 4:03 pm

The Justice Department claims Standard & Poor's knew that billions of dollars of mortgage-backed securities were junk but still gave them positive ratings.
Emmanuel Dunand AFP/Getty Images

In a court filing, Standard & Poor's is accusing the U.S. government of using the Justice Department to retaliate for the agency's decision to downgrade U.S. debt in 2011.

The accusation by S&P was made while it tried to defend itself in a lawsuit filed against it by the U.S. government, which alleges S&P knew that billions of dollars of mortgage-backed securities were junk, but still gave them positive ratings.

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8:09am

Thu August 1, 2013
The Two-Way

S&P 500 Index Passes 1,700 Mark For First Time

Originally published on Thu August 1, 2013 11:06 am

A chart shows the growth in the Standard & Poor's 500 index of large-capitalization U.S. stocks. The index passed the 1,700 mark for the first time Thursday.
S&P 500

The Standard & Poor's 500 index, the benchmark of America's largest corporations, surpassed 1,700 points for the first time in early trading Thursday. The rise is being tied to a drop in weekly jobless claims, as well as assurances from central banks in the U.S. and Europe that they would continue to bolster their economies.

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7:59am

Mon June 10, 2013
The Two-Way

S&P Upgrades U.S. Credit Outlook To 'Stable'

Citing improved tax receipts and some steps taken to address the country's long-term budget issues, Standard & Poor's upgraded the United States credit outlook to "stable." As Reuters reports, the credit rating agency said the chance of a downgrade to the country's credit rating is "less than one in three."

Reuters reports:

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9:58am

Mon January 28, 2013
The Two-Way

After Rising To Pre-recession Levels, Stocks Pause; Will Bulls Resume Running?

Traders on the floor of the New York Stock Exchange on Monday.
Spencer Platt Getty Images

Almost as surely as the sun rises in the east, stories about the stock market hitting new highs are sure to be followed by declines in key indexes.

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2:51pm

Fri March 16, 2012
Economy

The Market's Finally Looking Up: Will It Last?

Originally published on Fri March 16, 2012 9:03 pm

Trader Peter Tuchman reacts on the floor of the New York Stock Exchange on March 13. That same day, the Dow Jones industrial average had its highest close since 2007.
Richard Drew AP

The stock market hit some major milestones this week: The Standard & Poor's 500 index reached its highest level in more than three years, the Dow Jones industrial average settled in above 13,000 — up about 24 percent since early October — and the Nasdaq rose to its highest level in 11 years. Still, the Federal Reserve has been warning not to get too excited about where the economy is headed next.

David Kotok, chairman and chief investment officer at Cumberland Advisors, says there are a bunch of reason for stocks to be rising.

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