Markets

The overall economy grew for the 116th straight time, the Institute for Supply Management reported Thursday.

The New York economy slipped in December, with current conditions falling to its lowest level since June.

Initial claims for U.S. state unemployment benefits rose by 10,000 to 231,000 in the Dec. 29 week, above expectations for a 220,000 level.

Private-sector employment increased by 271,000 in December, on a seasonally adjusted basis, ADP estimated Thursday.

Analysts say lessons from the events of 2018 can forecast what lies ahead in 2019.

The Federal Register publication of the finalized PAB regulation takes effect April 1, but part of it can be implemented by issuers immediately.

Municipal bonds were mostly stronger along with Treasuries amid stock market gyrations.

Wells Fargo promoted Charles Peck to head of public finance, almost a month after firing Stratford Shields from the post.

Texas service sector activity “grew at a slower pace in December,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index fell to 10.1, from 21.4.

Municipal issuance fell by 24% to $338 billion for 2018 as changes in U.S. tax law crushed the market.