Stocks advanced Friday, sending the Standard & Poor’s 500-stock index to the biggest weekly gain in a year, amid optimism about earnings reports and a rally in metals producers.
The S&P 500 rose 0.7 percent to 1,077.96, giving it a 5.4 percent rally in a week shortened by the Independence Day holiday. The Dow Jones industrial [...]
Posts Tagged ‘financial stocks’
Optimism over earnings helps S& P 500 finish week strongly
July 10th, 2010 by Financial Writer
Tags: central bank, Dow Jones Industrial, economic, economists, economy recovery, financial stocks, financial system, investment managers, us economic, us stocks
more...Spanish Bond Auction Brings Strong Demand
June 17th, 2010 by Financial Writer
PARIS — The Spanish government sold €3.5 billion of bonds Thursday, the maximum set for the auction, easing investor worries that the country will struggle to make ends meet without outside help.
The successful sale, worth about $4.3 billion, helped push European stocks and the euro higher.
The yield on the benchmark 10-year Spanish note fell 5 [...]
Tags: business, economic recovery, euro zone, european economy, european stocks, financial markets, financial stocks, financial system, IMF, wall street
Stocks fall on jobs report and euro
June 4th, 2010 by Financial Writer
Stocks slumped Friday after a government report showed employers added fewer jobs than expected last month and the euro plunged to a new 4-year low, reviving worries about the health of the European economy.
The Dow Jones industrial average (INDU) lost 200 points, or 1.9%. The S&P 500 index (SPX) gave up 21 points, or 2%. [...]
Tags: Dow Jones Industrial, economy recovery, european economy, european markets, financial, financial stocks, Nasdaq composite, stock market, unemployment rate, united technologies, us economy, us stocks
Global stocks tumble and bunds firm on euro zone fears
May 21st, 2010 by Financial Writer
European stocks fell again on Friday despite German approval of a euro zone rescue package, as markets remained unconvinced the aid would resolve the debt crisis.
The euro, however, found support from short covering.
Wall Street was also set to open lower, after plunging nearly 4 percent in the previous session.
In the general flight to safety bund [...]
Tags: debt crisis, economy, economy recovery, euro zone, financial crisis, financial stocks, financial system, Global Economy, Global Financial, us economy, US Treasuries
3 strong economic reports lift hopes for recovery
November 2nd, 2009 by Financial Writer
Hopes for the fledgling economic recovery got a boost Monday from better-than-expected news on manufacturing, construction and contracts to buy homes.
U.S. manufacturing activity grew in October at the fastest pace in more than three years, according to a private group’s measure. It was driven by government spending, businesses’ need to rebuild their inventories and higher [...]
Tags: businesses, decision economics, economic, financial stocks, inventories