Tag: news

By DANIEL WAGNER
AP Business Writer

The Dow Jones industrial average jumped more than 200 points, joining a surge in global markets, after European leaders agreed to easier bank bailouts and regional oversight for their troubled financial sector.

Leaders in Brussels unveiled a plan to funnel money to banks directly from a regional bailout fund. They also agreed to ease austerity measures that are causing political unrest and agonizing recessions in Greece and other nations that have received bailouts. Continue reading "Stocks rally as Europe unveils debt crisis plans" →

By DANIEL WAGNER
AP Business Writer

A rare double shot of good news about the U.S. economy sent stocks strongly higher Tuesday. The Dow Jones industrial average rose 82 points despite lingering fear about Europe's debt turmoil.

Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years, the National Association of Realtors said. The report was the latest signal that the housing market is improving in many regions following a slump of more than six years. Continue reading "Stocks rise on stronger US housing, factory data" →

By ANNE D'INNOCENZIO
AP Retail Writer

(AP:NEW YORK) Americans can't seem to shake their uneasy feeling about the economy.

Consumer confidence fell in June for the fourth straight month in the row as lingering worries about the economy outweighed relief at the gas pump.

The Conference Board says Tuesday that its Consumer Confidence Index is now at 62, down from 64.4 in May and the 63.2 analysts were expecting. The index remains well below the 90 reading that indicates a healthy economy _ a level it hasn't been near since the recession began in December 2007. But it's far from the all-time low of 25.3 reached in February 2009. Continue reading "Consumer confidence slipped in June" →

(RTTNews) - After moving sharply lower over the course of the previous session, stocks may regain some ground in early trading on Tuesday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 21 points.

Bargain hunting is likely to contribute to any early strength on Wall Street after worries about the ongoing European debt crisis dragged the major averages firmly into negative territory on Monday.

Nonetheless, the lingering concerns about the financial situation in Europe are likely to keep buying interest relatively subdued. Continue reading "Futures Pointing To Modestly Higher Open" →

(RTTNews) - After moving sharply lower at the open, stocks continue to see substantial weakness in mid-day trading on Monday. Lingering concerns about the ongoing European debt crisis are weighing on the markets amid worries about the impact on the global economy.

The major averages are currently posting steep losses, just off their worst levels of the day. The Dow is down 165.59 points or 1.3 percent at 12,475.19, the Nasdaq is down 59.32 points or 2.1 percent at 2,833.10 and the S&P 500 is down 24.04 points or 1.8 percent at 1,310.98. Continue reading "Stocks Posting Steep Losses" →