Stocks closed modestly higher in a quiet session today, with the Dow snapping a six day losing streak, but gains were limited amid ongoing uncertainty in the euro zone and as techs dragged following Cisco’s disappointing outlook. Stocks were buoyed following news that weekly claims for unemployment benefits edged down 1,000 last week and with…
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May 10, 2012
May 10th, 2012May 9, 2012
May 9th, 2012Stocks closed well off their worst levels after a sharp selloff at the open, following reports that Greece will be granted another bailout payment. Fears that Greece could be pushed out of the euro zone further dented confidence, meanwhile, investors were also on edge amid news that Spain might need to set aside another $45…
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May 8, 2012
May 8th, 2012Stocks more than eased off their worst levels of the day but still closed in negative territory, with the SP500 and Nasdaq hitting 2 month lows, as mounting political unrest in Greece kept investors on edge over how the nation is going to tackle its ongoing debt crisis. Early on the Dow was down nearly…
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May 7, 2012
May 7th, 2012Stocks recovered from a weak open and struggled to hold their gains throughout today’s session. The early losses came from disappointments following the French and Greek elections over the weekend in which Greek voters rejected ruling parties in the elections and the Socialist candidate won the second round of French presidential elections. At the end…
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May 4, 2012
May 4th, 2012Stocks were under pressure across the board after the government jobs report was released, showing that hiring slowed in April. Non-farm payrolls rose much less than expected, with employers adding just 115,000 jobs last month where economists had expected an increase of 170,000 workers. The weak jobs data fueled the already existing worries over a…
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