The prospect of more economic stimulus from the Federal Reserve pushed the Standard & Poor's 500 to its fourth consecutive record close. The S&P rose 10 points to 1,754.67 yesterday. The Dow rose 75 points to 15,467, while the Nasdaq was up nine points at 3,929. Based on futures trading, Wall Street looks set to retreat at this morning's opening.
- International stock markets fell today, hit by slower U.S. hiring and reports of tighter money market conditions in China that could check its economic recovery. Weaker-than-expected U.S. job creation in September was a mixed cue. Benchmark crude oil fell below $98 a barrel. The dollar fell against the yen and gained against the euro.
- More corporate earnings reports provide the day's news numbers. WellPoint, Boeing and Caterpillar all release their quarterly financial results before the market opens this morning. AT&T Inc. reports its quarterly financial results after the market closes.
- The European Central Bank is launching a push to strengthen the eurozone's banking system and keep troubled financial institutions from holding back the region's economy. The bank announced that a yearlong review of 130 of Europe's biggest banks will begin next month. The asset review is an effort to check for hidden bank losses such as loans that are unlikely to be repaid. That will be followed by a stress test to simulate bank losses in a crisis.
- The College Board is out today with its annual report on tuition and no one should be surprised to hear it's gone up -- but the pace has slowed. For in-state students at a four-year public college or university, published tuition and fees increased this year an average $247 to $8,893. The 2.9 percent increase is the smallest in more than 30 years. Out-of-state, two-year and private institutions also avoided big spikes.