Stocks slipped Thursday as a three-day rally ran out of steam. A surge in oil prices also slowed down, and consumer stocks fell after Wal-Mart reported disappointing sales and cut its projections for the year.
Stocks closed broadly higher as the market notched its second sizable gain in a row. Retail and industrial stocks made the biggest gains as they were lifted by company earnings, some good news from China's economy, and hope that Japan's struggling economy will get another boost.
Q. I am invested in the stock market, but my thoughts are that the stock market is the biggest Ponzi scheme the world has ever seen. How can so many people make six figures and do little or nothing to earn this?