Finally - after much anticipation, the Nasdaq Composite Index has closed above the 5,000 mark for the first time since March 2000, and it's very near its Internet bubble all-time closing high of 5048.62.
TOKYO (Reuters) - The U.S. dollar hovered close to an 11-year high against a basket of currencies while Asian shares firmed in early trade on Tuesday, with sentiment bolstered by another record day on Wall Street.
Bill Gross wrote, �Common sense would argue the global economy cannot devalue against itself. Either the strong dollar weakens the world's current growth locomotive (the U.S.
�Money-shufflers don't come cheap.� That was Warren E. Buffett's latest salvo against Wall Street from his annual letter to shareholders published over the weekend.
Consumer spending data for January suggests that the U.S. consumer is spending more as the savings on the fuel cost have left them with more money.