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November 11, 2014 | | Advertisement
 Stocks closed the day higher, though little changed, with the Dow and the S&P 500 making a new all-time highs by virtue of closing in positive territory. This also marked the 40th time this year the S&P 500 hit an all-time high. Tuesday saw some of the lightest trading volume in weeks as both banks the Treasury market were closed in observation of the Veterans Day holiday. First, the scoreboard: - Dow: 16,614.9, +1.1, (+0.01%)
- S&P 500: 2,039.7, +1.4, (+0.1%)
- Nasdaq: 4,660.6, +8.9, (+0.2%)
And now, the top stories on Tuesday: 1. Overall, it's a light week for economic data, but this morning we got the latest small business optimism survey from the National Federation of Independent Business. This report showed, among other things, that demand for good labor in the US is still in short supply, as 45% of the survey's respondents said there were "few or no qualified applicants" for available openings. Meanwhile, 19% of firms reported actual compensation changes in the past three months, and while this is a slight decline from prior months the uptrend from the financial crisis lows is still intact. 2. Meanwhile, the market is still waiting for meaningful signs of inflation, and Ian Shepherdson at Pantheon Macro says that rent could be the thing that sets off an increase in inflation. Shepherdson told Business Insider's Shane Ferro on Tuesday that rent is the biggest component of CPI, accounting for about 40% of this index, and so if there is a tightening in the rental market in the form of higher rents, inflation could surprise to the upside. 3. Tuesday was Singles Day in China, a major shopping event in China equivalent to Black Friday or Cyber Monday in the US, and Alibaba, the Chinese e-commerce giant that went public in the US in September, said it pulled in sales totaling a record $9.3 billion on Tuesday. Last year, Alibaba saw sales of $5.8 billion on Singles Day. 4. On Tuesday, Business Insider's Drake Baer published a lengthy piece outlining the origin story of electric carmaker Tesla, run by charismatic CEO Elon Musk. Baer's report, which was compiled from months of interviews with former company insiders, shows how the company that has become the hottest car company in the US got its start. 5. Business Insider's Jay Yarow also threw out an idea for the US' biggest company, Apple: buy Tesla. Yarow argued that the iPhone maker might make better use of their considerable cash hoard buying Tesla rather than using this money to repurchase shares. Don't Miss: The Chart Connecting The Fed To The Stock Market Has One Big Problem » | 
The day's six most popular stories, in time to unwind. (Newser) - When 21 Asia-Pacific Economic Cooperation (APEC) member states convened in Beijing last night, China rolled out more than the red carpet. Treated as the biggest international event in China's capital since the 2008 Olympics, pollution levels have been lowered ( or at least manipulated ), a cultural show and... More » (Newser) - Pro tip: If you have a sexual assault scandal in your background, you may not want to ask the general population to turn you into an Internet "meme." Apparently, no one told this to Bill Cosby, which is why his "meme generator" idea went horribly wrong yesterday.... More » (Newser) - Chiropractors have come under fire for increasing young people's risk of stroke before, but the recent death of a 30-year-old in Oklahoma has left physicians angry, chiropractors in a defensive crouch, and a family in mourning. Jeremy Youngblood, 30, had a stroke at a chiropractor's office in Ada... More » (Newser) - A good deed for his in-laws has ended in tragedy for a south Florida man. Jason Ferguson, 33, was installing a new dishwasher at his brother-in-law and sister-in-law's house Thursday when he was electrocuted, the Orlando Sentinel reports. Family members, who were sitting down to eat around 7pm, found... More » (Newser) - One man in China's got 99 problems but his girlfriend ... well, she's not around anymore. Just in time for the country's "Singles' Day" today, which is becoming a popular day to propose, a young Guangzhou programmer bought 99 iPhone 6s, arranged them in a heart, and... More » (Newser) - A new study out of the University of Texas' Center for BrainHealth and the Mind Research Network is showing brain differences in regular pot users—differences that have already been reported in lab mice. The study, published in PNAS , found that 48 "chronic" users who smoked at least four... More » Unsubscribe or change your alert settings. Newser, LLC
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