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Courtney Raio
23 Feb, 2012 | 06:18 PM
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Markets closed higher largely encouraged by lower than expected U.S. jobless claims which remained unchanged week over week in a day that offered little new news out of Europe. ...
Courtney Raio
22 Feb, 2012 | 07:16 PM
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Markets spent most of the day in negative territory over renewed concerns about the economic strength of the euro zone.  Data released showed the services sector contracted along with manufacturing in the region’s most powerful countries, Germany and France.  This report did not encourage investors as trouble still lingers in struggling debtor states, such as Spain where unemployment is at 23%, and Greece where concern for the country’s financial stability remain and continuous cuts have provoked riots. ...
Courtney Raio
21 Feb, 2012 | 06:15 PM
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The Dow and S&P closed higher encouraged by the resolution of the Greek debt deal that was reached over the weekend which lead to the Dow briefly touching 13,000.  The exuberance was offset by the continued rise in the
Courtney Raio
17 Feb, 2012 | 06:08 PM
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The Dow and S&P continued their upward trend on hopes that the Greek bailout will be endorsed over the weekend and U.S. economic news that was in line and considered positive. Nasdaq ended up in negative territory after being the week’s best performing index. ...
Courtney Raio
16 Feb, 2012 | 06:27 PM
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Markets closed the day higher, above or close to key support levels on encouraging news from Greece and positive U.S. economic news. European central banks are discussing a deal to allow Greek bond holders to swap their existing bonds for new ones; the new plan is expected to be approved on Monday. ...
Courtney Raio
14 Feb, 2012 | 06:01 PM
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Markets flip flopped today as news ran out of Europe. Reports first noted that the European finance ministers, not satisfied that their concerns were being addressed, would not meet tomorrow to approve the plan for the Greek bailout.  Reversing losses in the markets, reports ran at the end of the day that Greek conservative leader, Antonis Samaras, is expected to deliver his party’s comments to the country’s international lenders. Greece has been charged with finding 325 Euros of spending cuts and securing support from the leaders of its major political parties. ...