U.S. Stock Futures Steady Gold Extends Record Run
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Tom Samuels, managing partner at Palantir Capital Management said, "The industry is trying to convince itself that theme is nice thing about it and bad news is wonderful." Samuels also said, "The Dow has risen five of the past six weeks and is now less than 2 percent from its highest amount of the year, which it touched at the end of April." Apr's have been falling pending a Fed move.
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For Visa, the quarterly results highlight consumers' increasing reliance on debit and credit cards rather than cash or checks things everyday acquiring.
Investors have apparently been presumming how the Federal Reserve will act at their next meeting to stimulate the economy by drving interest rates even lower. Hopes have been building that the Fed will announce an expansion of your treasury bond program right after Nov. 2-3 when they meet once more.
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