Tag: market news

Rally On Wall Street Drives Dow Back Above 13,000

Posted on by The INO.com Team

(RTTNews) - Stocks moved sharply higher over the course of the trading day on Friday, adding to the strong gains posted in the previous session. The markets benefited from some relatively upbeat U.S. economic data as well as the latest news out of Europe.

The major averages ended the day firmly in positive territory, with the Dow closing above 13,000 for the first time in well over two months. The Dow jumped 187.73 points or 1.5 percent to 13,075.66, the Nasdaq soared 64.84 points or 2.2 percent to 2,958.09 and the S&P 500 spiked up 25.95 points or 1.9 percent at 1,385.97. Continue reading "Rally On Wall Street Drives Dow Back Above 13,000" →

Will stocks extend yesterday's rally?

Posted on by The INO.com Team

(RTTNews) - After moving sharply higher in the previous session, stocks could see some further upside in early trading on Friday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 31 points.

The markets may benefit from the release of a report from the Commerce Department showing that the U.S. economy grew by more than anticipated during the second quarter. Continue reading "Will stocks extend yesterday's rally?" →

Dow jumps 212 Points on ECB Vow

Posted on by The INO.com Team

(AP:NEW YORK) It was the buy signal that markets were waiting for.

When European Central Bank president Mario Draghi vowed to "do whatever it takes" to keep the continent's monetary union intact, stocks were off to races in the U.S. and Europe.

The Dow Jones industrial average on Thursday jumped 212 points, or 1.7 percent, to 12,888 following big gains in European markets. Benchmark stock indexes in Spain and Italy surged 6 percent and 4 percent in France. Continue reading "Dow jumps 212 Points on ECB Vow" →

Dollar Losing Ground Vs. Euro After Draghi's Comments

Posted on by The INO.com Team

(RTTNews) - The dollar has pulled back against its major European competitors on Thursday, following comments made by Mario Draghi in defense of the Euro. The comments also sparked a rally in European stock markets and the Spanish 10-year yield dropped more than 30 points to around 6.82 percent, after climbing to a record 7.60 percent earlier in the week.

The European Central Bank President Mario Draghi on Thursday said the bank is prepared to take whatever measures needed to preserve the euro. "Within our mandate, the ECB is ready to do whatever it takes to preserve the euro," he told an investment conference in London. "And believe me, it will be enough." Continue reading "Dollar Losing Ground Vs. Euro After Draghi's Comments" →

Stocks soar after ECB vows to protect the euro

Posted on by The INO.com Team

(AP:NEW YORK) Stocks soared in the U.S. and Europe Thursday after the European Central Bank president vowed to "do whatever it takes" to preserve the continent's monetary union.

The Dow Jones industrial average soared 234 points to 12,913 in the first hour of trading, following European markets sharply higher. Benchmark indexes in Spain and Italy each jumped 5 percent. France's stock market surged 3 percent.

The comments from Mario Draghi at an investor conference at the Olympics raised hopes that Europe's central bank might intervene in markets to bring down the cripplingly high borrowing costs for struggling European countries like Spain and Italy. Continue reading "Stocks soar after ECB vows to protect the euro" →