Wall Street


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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Fri July 26, 2013
The Two-Way

Hedge Fund SAC Capital Pleads Not Guilty To Fraud Charges

Originally published on Fri July 26, 2013 3:04 pm

Preet Bharara, United States Attorney for the Southern District of New York, speaks at a news conference on Thursday about a federal indictment against SAC Capital.
Timothy Clary AFP/Getty Images

Hedge fund SAC Capital Advisors has pleaded not guilty to wire and securities fraud, a day after federal prosecutors in New York charged the firm in connection with an alleged insider trading scheme.

Peter Nussbaum, SAC's general counsel, entered the plea on behalf of the firm, one of Wall Street's biggest hedge funds.

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Fri July 19, 2013
The Two-Way

SEC Charges Hedge Fund Billionaire Steven Cohen

Originally published on Fri July 19, 2013 4:52 pm

Steven A. Cohen, founder and chairman of SAC Capital Advisors, is interviewed in Las Vegas in 2011.
Steve Marcus Reuters/Landov

The SEC on Friday filed civil charges against Steven A. Cohen, the founder of hedge fund SAC Capital Advisors, accusing the billionaire of failing to prevent insider trading.

The Securities and Exchange Commission in a statement Friday afternoon said:

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Thu June 20, 2013
The Two-Way

Dow Loses 350 Points After Fed Hints It Will Stop Buying Bonds

Traders work the floor of the New York Stock Exchange after the opening bell on Thursday.
John Moore Getty Images

The Dow Jones industrial average closed down more than 353 points on Thursday in a selloff sparked by uncertainty about the end of a government monetary stimulus program and a credit crunch in China.

Wall Street followed a downturn in global markets. The Standard & Poor's 500-stock index lost 2.5 percent, while the Dow and Nasdaq composite indexes both lost 2.3 percent.

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Fri June 14, 2013
Planet Money

Episode 396: A Father Of High-Speed Trading Thinks We Should Slow Down

Originally published on Wed June 26, 2013 11:15 am

Thomas Peterffy, shown here in 2010
Brendan Smialowski Getty Images
  • Listen to the Episode

Thomas Peterffy's life story includes a typing robot, a proto-iPad, and a vast fortune he amassed as one of the first guys to use computers in financial markets.

On today's show, Peterffy tells us his story — and he explains why he's worried about the financial world he helped create.

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