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Courtney Raio
27 Oct, 2011 | 04:45 PM
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Markets closed higher, sent soaring after the European leaders struck a deal early this morning on the terms of the EFSF. The Dow closed 339 points higher on the news as well as Q2 GDP and jobless claims that were in-line with expectations. The Dow closed above 12,000 for the first time since August 1, the day before the U.S. debt ceiling agreement. ...
Ray Pellecchia
27 Oct, 2011 | 02:59 PM
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Courtney Raio
26 Oct, 2011 | 04:39 PM
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Markets closed higher, near session highs, recovering most of yesterday’s losses in today’s session. The Dow closed up 162 points as investors reacted to details about the EFSF agreement leaked out of today’s summit of Euro leaders, good earnings, as well as encouraging economic reports. ...
Courtney Raio
25 Oct, 2011 | 04:48 PM
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Markets closed lower, breaking a three session winning streak. The Dow closed down over 200 points after investors were spooked by conservative outlook from companies reporting earnings. Concerning headlines ahead of tomorrow’s summit of European leaders to address the debt crisis and data that continues to show weakness in the U.S.economy added to the ill feelings. ...
Courtney Raio
24 Oct, 2011 | 04:40 PM
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Markets closed higher, continuing the rally from last week as investors remained optimistic through the European leaders’ meetings to discuss the EFSF over the weekend. The Dow closed up 104 points after NY Fed President Dudley would not rule out a third round of quantitative easing, and despite conflicting PMI data from Europe and China. ...
Parasnand Madho
24 Oct, 2011 | 09:15 AM
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Ahead of the Bell: Dow futures are trading up 21 points and S&P futures are trading up 0.30 points setting up a second straight day of gains after ECB Governing Council member, Ewald Nowotny, said there is a possibility of an interest rate cut as well as several other officials indicating easing or stimulus measures. ...