Stocks Gain After Two-Day Selloff

U. S. stocks were slightly higher early Friday, after a selloff triggered by concern over the future of central bank stimulus rocked world markets.The Dow Jones Industrial Average lately gained 49.24 points, or 0.33%, to 14,807.56, while the S&P 500 added 5.83, or 0.37%, to 1,594.02. The Nasdaq Composite was down 4.28 points, or
0.13%, to 3,360.35.

A private-sector group that produces a leading consumer-confidence survey is suspending its practice of giving media organizations an early preview because it fears the information may be leaking to traders before the public. The Conference Board, which produces the survey, said Thursday it instead will publish some of its economic indicators, including the monthly consumer-confidence survey, simultaneously on its website and through a news release.

Since the financial crash, banks have been accused of wrongfully foreclosing on homeowners because they failed to create and maintain proper mortgage paperwork. Now, there are signs that chaotic document management is harming investors in mortgage bonds, too.

Michael Dell is making a direct approach to persuade Dell shareholders to back his bid to take the PC maker private, by sharing a presentation of his ideas on the move.






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