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JC Financial, Mortgage Lender, Alamo, CA

Market News

Wall St. edges higher after four-day rally

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - U.S. stocks opened slightly higher on Wednesday, with buyers largely taking a pause following the biggest four-day rally for the S&P 500 since January 2013. The Dow Jones industrial average rose 13.48 points, or 0.08 percent, to 16,628.29, the S&P 500 gained 2.46 points, or 0.13 percent, to 1,943.74 and the Nasdaq Composite added 5.82 points, or 0.13 percent, to 4,425.30. (Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)

U.S. consumer prices rise on shelter costs, but inflation muted

Current gas prices are shown at a Shell gas station in Encinitas, CaliforniaBy Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month as a rise in food and shelter costs offset a broad decline in energy prices. The CPI had dropped 0.2 percent in August and economists had expected a flat reading in September. U.S. Treasury debt prices fell on the slightly firmer reading, while the dollar rose modestly. ...


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