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Thursday Morning Business Brief

April 10, 2014, 5:36 AM

Thursday Morning Business Brief

Investors are again embracing some of the stock market's more risky names. Major stock indexes rose broadly yesterday after a report that Federal Reserve policymakers want to be absolutely certain the economy has recovered before raising interest rates. The Dow rose 181 points. The S&P 500 jumped 20 points and the Nasdaq rose climbed 71 points. Futures point to a lower opening today.

  • Stock markets in Hong Kong and Shanghai rose sharply today on news of plans to link the exchanges, widening access for investors. Other international stock markets were more subdued following worse-than-expected China trade figures. The dollar fell against the yen and the euro. Benchmark U.S. crude oil rose slightly to stay above $103.50 a barrel.
  • The government will report the weekly jobless claims today. If it's good, it could help the stock market continue its positive direction. Also due out today is the federal budget report for March and weekly mortgage rates from Freddie Mac. Selected chain retailers will release March sales comparisons today.
  • Greece is tapping the international bond markets for the first time in four years, issuing a five-year bond amid growing signs of market confidence. The country has been locked out of the market by high borrowing costs since 2010, and has been dependent on international bailout funds for the past four years. The country's interest rates have been falling recently as its public finances improved following tough austerity measures.
  • A New York judge is set to sentence Connecticut-based SAC Capital after it pleaded guilty to criminal fraud charges in a $1.8 billion deal with the government. Judge Laura Taylor Swain will sentence SAC Capital LP and three related entities based on pleas to wire fraud and securities fraud. Both sides have asked Swain to follow the terms of the agreement announced in November. The corporate defendants say in court papers they are "deeply remorseful" for the misconduct of each individual who broke laws.

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