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Moving the Market

 Briefing.com - LIVE market analysis Market Summary  | Stocks On The Move
5/20/2013 4:15 PM ET
[BRIEFING.COM]

[BRIEFING.COM] The Russell 2000 crosssed the 1,000 level for the first time ever today and the S&P 500 established a new all-time, intraday high.  Those were some of the more memorable highlights of what was an otherwise nondescript day...

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  • 10:18 PM   "It would no doubt come as some surprise to many … that S&P's repeated assurances that its ratings were objective … were entitled to no more weight than an infomercial hawker's claim that his knife will outlast any other," the Justice Department says, referencing S&P's (MHFI) assertion that because statements about the independence of its ratings were described as "mere puffery" in a previous judgement, they can't form the basis for a lawsuit. The Justice Department asked a federal judge to allow a suit against the ratings agency to move forward Monday, after S&P filed for dismissal last month.
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