U.S. stocks edged up in early trading Wednesday, after Germany's high court cleared the way for the country to participate in a European rescue fund.
The Dow Jones industrial average rose 35 points to 13,361 shortly after 10 a.m.
Germany's highest court ruled Wednesday that the country could contribute to Europe's (EURO)500 billion ($640 billion) rescue fund to help indebted governments. Continue reading "Stocks rise after EU bailout hurdle cleared"
Stocks slipped on Wall Street as troubling economic news from China and the U.S. outweighed optimism about more stimulus from the Federal Reserve.
The Dow Jones industrial average fell 52.35 points to close at 13,254.29 on Monday. The Standard & Poor's 500 slipped 8.84 points to 1,429.08 and the Nasdaq composite fell 32.40 points to 3,104.02.
The stumble marks a pause in a rally last week that took the Dow and the S&P 500 to their highest levels in more than four years.
Stock markets rose around the world last week after the European Central Bank announced a long-anticipated plan to support struggling countries in the European Union. Continue reading "Stocks end lower ahead of Fed meeting"
The stock market followed one of its most exciting days of the year with a rather dull one Friday. Indexes barely rose following a weak jobs report, which increased hopes that the Federal Reserve would act next week to support the economy.
The gains, while meager, kept major market indexes at their highest levels in more than four years following a massive surge the day before.
The Dow Jones industrial average rose 14.64 points to close at 13,306.64. The Standard & Poor's 500 was up 5.80 points to 1,437.92. The Nasdaq composite barely moved, up 0.61 points at 3,136.42. Continue reading "Stocks rise slightly after weak jobs report"
Markets rallied Thursday as investors cheered a package of measures from the European Central Bank that is designed to ease Europe's debt crisis and secure the future of the euro currency.
Stocks, well as the euro and the price of oil, have enjoyed a bumper five weeks after ECB president Mario Draghi said the central bank would do "whatever it takes" to save the euro.
On Thursday, it seems Draghi met expectations in the markets. _ stocks powered ahead alongside the bond prices of countries such as Italy and Spain. Continue reading "ECB bond plan gets cheered in markets"
(RTTNews) - After turning mixed over the course of the previous session, stocks may move to the downside in early trading on Wednesday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 17 points.
Uncertainty about tomorrow's European Central Bank meeting may weigh on stocks along with caution ahead of Friday's monthly U.S. jobs report.
Bloomberg News recently reported that ECB President Mario Draghi's bond-buying proposal involves unlimited purchases of government debt but will refrain from setting a public cap on yields.
Traders have also reacted negatively to news that delivery giant FedEx (FDX) lowered its first quarter earnings guidance due to weakness in the global economy. Continue reading "Caution Ahead Of ECB"
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