October 1, 2012
Stock are higher a few minutes after the opening bell as investors welcomed the results of stress tanks of Spanish banks, as well as other positive news about Europe's economy. The Dow Jones industrial average is up 72 points to 13,427. The Standard & Poor's 500 index is up eight points to 1,449. The Nasdaq is up 14 points to 3,130. Monday is the first day of trading of the fourth quarter. Markets around Europe rose. However, credit rating agency Moody's might downgrade Spain's debt to junk status this week.
October 1, 2012 |
NEW YORK -- Stocks rallied 1% in early trading, as investors saw more reasons to be optimistic about Europe's debt crisis. The Dow Jones industrial average jumped 143 points, or 1.1%, to 13,581 shortly after the opening bell on Wall Street. The broader Standard & Poor's 500 index rose 15 points, or 1.1%, to 1,456. The Nasdaq was up 28 points, or 0.9%, to 3,144. Stress tests of Spain's troubled banks reportedly turned out better than expected. Investors also digested a report showing U.S. manufacturing increased in September, following three months of decline.
July 10, 2012
Bloomberg News U.S. stocks advanced, snapping a three-day decline in the Standard & Poor's 500 Index, as European officials took steps to protect Spanish banks. Bank of America Corp. and Citigroup Inc. increased at least 1.1% as Spanish bond yields fell. Alcoa Inc., the largest U.S. aluminum producer, lost 1.7% after reporting second- quarter results. Applied Materials Inc. tumbled 2.5% after cutting its forecasts. Advanced Micro Devices Inc., the second-biggest maker of processors for personal computers, slumped 6.2% after reporting an unexpected decline in sales.
July 10, 2012 |
NEW YORK -- Stocks gained in early trading Tuesday after European leaders agreed on bailout terms for Spain's troubled banking system. The Dow Jones industrial average gained 43 points, or 0.3%, to 12,779 shortly after the opening bell. The Standard and Poor's 500 index rose 7 points, or 0.5%, to 1,359. The Nasdaq was up 8 points, or 0.3%, to 2,939. Major European stock indexes were up about 1% or more. Spain's costs of borrowing eased, meanwhile. The country's 10-year bond yield slid to about 6.7%, down from about 7% Monday.
July 2, 2012
Bloomberg News European stocks rose as investors bet central banks will add to measures unveiled by the region's governments to contain the sovereign-debt crisis and data from China and Japan fueled optimism Asia will drive global growth. Invensys Plc advanced 2.2% after a report said China South Locomotive & Rolling Stock Corp. may make an offer. Aviva Plc, the U.K.'s second-biggest insurer, jumped 3.6% after it named a new chairman. Rhoen Klinikum AG slumped 7.9% after Fresenius SE failed in its 3.1 billion-euro bid to buy the company.
June 29, 2012 |
European Union leaders meeting in Brussels surprised and impressed markets worldwide Friday by taking unexpectedly decisive action to boost confidence in the struggling euro common currency and committing to stronger economic and political integration over the next few years. Expectations had been low that the 27 EU presidents and prime ministers would do more than highlight the deep divisions between heavily indebted nations mired in recession - such as Italy, Spain and Greece - and the bloc's economic powerhouse, Germany.