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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. ...
Courtney Raio
21 Oct, 2011 | 04:42 PM
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Markets closed higher for the second straight day, as investors go into the weekend optimistic that European leaders can make progress reaching an agreement to settle the terms of the bailout fund. The Dow closed out the week up 1.4% and the S&P also ended the week up 1.1%. ...
Courtney Raio
20 Oct, 2011 | 04:51 PM
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Image by Chesi - Fotos CC via Flickr ...
Courtney Raio
19 Oct, 2011 | 05:07 PM
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Markets closed lower today, following yesterday’s 180 point rally. The Dow closed down 72 points as the Fed expressed concern about the pace of economic expansion in its beige book report and a debt downgrade in Spain and riots in Athens reminded investors of the risk still exhibited by Europe. The Fed released its beige book report today, showing the economy expanded only slightly in September, buoyed by consumer spending led by tourism and auto sales. The outlook was dim because of continued uncertainty and a labor market that is still not showing signs of a recovery. ...