The Internal Revenue Code says that if you receive a distribution from an IRA, you can’t make a tax-free (60-day) rollover into another IRA if you’ve already completed a tax-free rollover within the previous one-year (12-month) period. The long-standing position of the IRS was that this rule applied separately to each IRA someone owns. Earlier…
The Dow and S&P 500 closed at record highs on Friday in post-holiday, feather-light volume trading. Brands such as Amazon, Qualcomm and GoPro tacked on gains.
The Dow and S&P 500 closed at new record levels on Tuesday. Stocks stepped up on a new estimate of third-quarter GDP.
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Indices closed well into green territory on Monday. BlackBerry gained 6.9 percent on a TD Securities upgrade to “buy.” Boeing tacked on 1.6 percent on news that Air China will purchase 60 737s, valued at more than $6 billion.
Stocks stepped up on Friday. Energy brands such as Transocean and Nabors Industries stood out among advancers. Brands climbed in the wake of Federal Reserve comments. Fed Chair Janet Yellen said the central bank will most likely keep rates near zero at least through the first quarter.
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Brands rallied today on Wall Street. The Dow added more than 420 points, marking its largest one-day advance since November 2011. Technology stocks such as Microsoft, IBM and Apple led the way up as oil continued to slide.
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Indices closed in the green zone on Wednesday. Stocks gained on FOMC comments as well as other economic news. Comments from the latest FOMC meeting showed the Federal Reserve would remain “patient” in deciding when to lift rates and that a hike earlier than the next couple of months was unlikely.