US Markets Bounced Back On Positive Developments From Europe (23-Jun-2012)
US markets made a good bounce back on the last trading day of the week as investors concentrated on the European markets after the Moody's Investors Service announced credit downgrades, ranging from one to three notches, for 15 of the world's largest banks, considering it to be on expected lines and the banking shares were the most to move higher. Boosting market sentiment, leaders of Germany, France, Italy and Spain agreed on a 130 billion euros ($156 billion) package to revive growth in the region.
Italian Prime Minister Mario Monti, after the meeting of European leaders in Rome, said the European Union should adopt a series of growth measures equal to about 1 percent of the region's gross domestic product at a summit next week.
The Dow Jones industrial average gained 67.21 points, or 0.53 percent, to 12,640.78. The Standard & Poor's 500 Index added 9.51 points, or 0.72 percent, to 1,335.02, while the Nasdaq Composite Index gained 33.33 points, or 1.17 percent, to 2,892.42.
Top News Today
 Income Tax department has slapped a fresh $106 million (about Rs 582 crore) tax demand notice on Infosys, for 2009 fiscal, adding to the tax woes of India's second largest IT firm. The Bangalore-based...
 Amid uproar over the poor quality of imported coal, the government is planning calling in specialist quality control monitors to prevent poor quality coal imports getting through to its import-reliant...
 Former Citigroup CEO Vikram Pandit is set to make an entry into the country's financial sector by buying, along with partner Hari Aiyar, a three percent stake in JM Financial. The two will...
|
International Stock News
 Most of the Asian equity markets are trading in green in Monday's morning trade tracking a positive global lead after key US indices notched another record finish on Friday. Japanese markets...
 The US markets climbed on Friday, advancing to a fourth weekly gain, with both the Dow industrials and the S&P 500 at all-time high close, after data cast a positive spin on the economy....
 Asian stock markets ended mostly higher on Friday, with Japanese market rising as the yen's slight decline triggered some buying at lower levels. Chinese market went home with green mark...
|
|
Recent International Global Stock Market News News
|
|