Stocks move with oil; Fed meeting; the confidence gap; cardless ATMs
Stocks (^DJI, ^GSPC, ^IXIC) get a boost from oil as optimism builds that crude producers may cut back on production, and investors prepare for tomorrow's Fed announcement.
To discuss some of the other stories that Yahoo Finance is keeping an eye on today, Alexis Christoforous is joined by Yahoo Finance's Rick Newman and Bobbi Rebell, television and multimedia reporter at Reuters.
Get the Latest Market Data and News with the Yahoo Finance App
The Confidence Gap
We had some solid economic reports today. In housing, the FHFA House Price Index increased 0.5% in November, while the S&P Case-Shiller Home Price Index rose 0.9%. Meanwhile, Consumer Confidence upticked to 98.1, beating expectations. But it's a different story for the wealthy. Why are the 1% not feeling the wealth effect?
Cardless ATMs at JPM
Need money from an ATM? Yep, there's an app for that! The New York Post says JPMorgan Chase (JPM) will install hundreds of new "e-ATMs" later this year that let you use a smartphone app instead of a card for access. The country's biggest bank is joining smaller financial firms such as Commonwealth and Wintrust in offering the card-free service.