Financial Market News

Art auctions sales were up 13% on the year to $12 billion in 2013. But even as investors are turning toward alternative assets, advisors are telling clients to rethink art purchases for their portfolio, reports Murray Coleman at the WSJ.

The 48-year-old owner of a die-casting factory in Mumbai is among a growing number of local investors returning to the $1.2 trillion equity market on speculation national elections in May will deliver a government with the mandate to revive economic growth from a decade low.

The Dow Jones industrial average and the S&P 500 both ended little changed. The Nasdaq posted a modest gain.

In this Friday, March 7, 2014, file photo, trader Theodore Nelson, left, works on the floor of the New York Stock Exchange.

Concerns about slower economic growth in China and lingering tensions in Ukraine helped set the U.S. stock market on course for its third loss in a row Wednesday.

US stocks were poised to fall at the open, putting the S&P 500 on track for a third straight decline, as concerns grew over the strength of China's economy.

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The Toronto stock market looked set for a lower open Tuesday as commodity prices started to recover from sharp price drops.

The trade-weighted index jumped as high as 79.68 overnight, up from 79.50 yesterday and surpassing its previous high of 79.67 in April last year.

Without any big economic news or blowout company earnings to respond to, investors found little to get excited about Tuesday and sent the stock market lower for the second day in a row.

Puerto Rico sold $3.5 billion in general obligation bonds on Tuesday in the largest issue of its kind for the U.S. territory, which is struggling to pay off $70 billion in public debt.

A man walks past a world stock price chart on a street in Tokyo, Monday, March 10, 2014.

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In this March 7, 2014 file photo, Glenn Kessler, left, works with fellow traders on the floor of the New York Stock Exchange.

US stocks were little changed on Tuesday as investors found few reasons to push the S&P 500 above its recent record high, as tensions in Ukraine continued.

U.S. stocks were little changed in early trading Tuesday, following slight gains in markets from Asia to Europe.

World stock indexes fell and the prices of copper and oil sank on Monday after surprisingly weak Chinese trade data added to worries about a slowdown in the world's second-largest economy.

Valuation expert and NYU professor Aswath Damodaran finally waded into Bitcoin territory in his latest blog post to rule on the cryptocurrency's staying power and pricing.

Michigan will see 1.5% more tourists who will spend 4.5% more than last year. That's the upbeat forecast from two Michigan State University tourism researchers presenting their 2014 travel outlook this morning at the Pure Michigan Governor's Conference on Tourism in Traverse City.

Emerging-market bonds, star performers just a year ago, are being replaced by high-yielding corporate debt from developed markets by investors searching for yield.