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Courtney Raio
27 Jun, 2011 | 04:45 PM
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Courtney Raio
24 Jun, 2011 | 04:49 PM
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Markets closed lower for the third straight session in the red, but was able to hold above key technical levels. The Dow closed down 115 points for the day on fears that Greece will not pass the austerity measures needed to receive bailout funds and the GDP and Durable goods reports released this morning before the bell. The Dow closed down 0.58% on the week, the seventh week out of eight that markets finished lower. ...
Courtney Raio
23 Jun, 2011 | 04:45 PM
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Markets closed lower, but the Dow rallied to finish just 59 points lower after trading as low as 234 points off of yesterday’s close. The market was initially lower because of the “Bernanke Hangover”, an unexpected rise in jobless claims, and the news that the IEA is boosting oil supply, but right before 3:00 Reuters reported that the EU and IMF reached a deal with Greece, causing markets to rally into the close. ...
Courtney Raio
22 Jun, 2011 | 05:02 PM
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Markets closed lower, finishing near the lows for the day after Ben Bernanke and the FOMC provided a grim outlook for the recovery. Markets had been trading relatively flat until Bernanke’s press conference at 2:15 pm. ...
Courtney Raio
21 Jun, 2011 | 04:56 PM
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The Dow closed up triple digits today, +109 points, and don’t look now but we’re riding a four-session winning streak. Markets were higher because of the growing belief that Greece will be able to avoid a default on their debt. ...
Courtney Raio
20 Jun, 2011 | 04:57 PM
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On a day that was relatively free of any real driving news, markets were higher on technicals, as the S&P bounced off its 200-day moving average of 1,259, a level it has not broken below in nine months. After two days of talks over the weekend, regulators were unable to come to an agreement on a Greek bailout, and today issued an ultimatum to the newly restructured Greek Government stating that if it does not approve further austerity measures then it will not receive the €12 billion bailout package. ...