Wall Street: Stocks wavering, gold down
This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.
Gold: Trading now at $1,622 an ounce, down 1.5% from Wednesday. Dow Jones industrial average: Trading now at 11456.41, down 0.4% from Wednesday.
Mixed signals. Stocks are wavering as investors try to digest contradictory economic data and an uncoming meeting on the European financial crisis.
Citi’s penalty. On Wednesday, Citigroup was accused of doing much the same thing that Goldman Sachs got in trouble for last year -- here’s some analysis of why Citi appears to be getting off more lightly than Goldman.
Capitalism broken? A former Goldman Sachs employee said at an event Wednesday that the Occupy Wall Street protests were correct in saying that capitalism is broken.
Where they agree. A simple Venn diagram lays out where the tea party and Occupy Wall Street come together.
Turning on his creation. One of the father’s of high-speed electronic trading is now saying that the practice poses risk for markets.
— Nathaniel Popper