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All finance stories from Philadelphia.
Stocks surged, gold hit $4,187 an ounce and oil slid sharply on July 4 — a combination that tells working families something specific about where the economy is heading.
A holiday-session rally has pushed the S&P 500 past 7,483 and gold to record territory, forcing every business owner and plan sponsor to reassess how their retirement portfolios are positioned.
A holiday-shortened trading session on July 4 delivered a broad rally, but the bigger story is what the divergence between surging gold, a sliding oil price and a resurgent Bitcoin means for ordinary Philadelphians managing their 401(k)s and household budgets.
A broad rally across equities, a historic gold price and a sharp drop in crude oil are reshaping the risk calculus for Philadelphia investors heading into the long weekend.
A broad Independence Day rally in equities, a gold price that has never been higher, and a cratering oil price are redrawing hiring priorities across Philadelphia's banks, asset managers and energy firms.
A broad equity surge, a record gold price and a sharp drop in oil are reshaping the picture for Philadelphia-area 401(k) holders, drivers and anyone watching their savings.
With the S&P 500 up 1.71% and gold clearing $4,187 an ounce, the July 4th holiday session handed dividend-focused investors a complex set of signals about where yield will come from next.
The S&P 500 cleared 7,483 on Friday as gold topped $4,187 an ounce, rewarding the Philadelphians who had the nerve to hold both.
WTI crude fell nearly 3 percent on the Fourth of July while gold hit $4,187 an ounce, a divergence that tells a complicated story about growth fears, inflation hedging, and what Philadelphians pay at the pump.
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