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Another record day Monday for the Dow and the S&P 500. The Nasdaq closed at its highest level since March 2000.  Stock markets are open but the bond market is closed on this Veterans Day holiday.(CNBC)

Microsoft is rolling out its first Lumia phone without the Nokia name this month. The Lumia 535, which will contain the Windows Phone 8.1 operating system, will be priced at approximately $137. (AP)

U.S. small business optimism rose in October as more owners said they planned to invest in their companies and were having a harder time filling job openings. Twenty-six percent of business owners said they planned capital outlays, which are investments in things like machinery and land. That was the second highest reading since early 2008. (Reuters)

Once a staple of consumer banking, unsecured personal loans became notorious for saddling struggling borrowers with steep interest rates and hefty fees. But the loans are moving upscale as banks offer attractive rates to borrowers with high credit scores. The change is due to increased competition among lenders to lure customers who are seen as less likely to default. Banks are encouraging consumers to use personal loans to pay off credit-card and other types of debt that carries a higher interest rate. Lenders originated $34.5 billion of personal loans during the first six months of the year, up 8.7% from the same period a year earlier. (Wall Street Journal)

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John Kruse
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