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Latest Business News: Traders 'take a Breather,' Buying Stocks and Bonds

Wochit 0:50 mins

The U.S. economy slowed down, but the stock market went up for a second day in a row. It was the first two-day stretch of gains since the Federal Reserve gave a timetable for throttling back its economic stimulus a week ago. A federal judge allowed former American International Group Chief Executive Maurice "Hank" Greenberg to continue his lawsuit against the United States over the insurer's bailout, but took away some of his claims. Investors are staging a mass exodus from the bond market. So far this month, they've pulled a record $61.7 billion from bond mutual funds and exchange traded funds.

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