Tuesday, September 27, 2011

Sept 27-2011

NEW YORK -Stocks are opening sharply higher on hopes that European leaders are moving closer to a plan to contain that region's debt crisis.

Greece's finance minister said Tuesday that the country would receive the next round of bailout loans in time to avoid a default.

Shortly after the opening bell, the Dow Jones industrial average is up 208 points, or 1.9 percent, at 11,255. The Standard & Poor's 500 index is up 22, or 1.9 percent, at 1,186. The Nasdaq composite is up 42, or 1.7 percent, at 2,558.

Wednesday, September 21, 2011

Dow Jones News September-21-2011

Stocks plunge after Fed announces stimulus steps.

NEW YORK -The Federal Reserve did what investors expected Wednesday — it said it would buy Treasury bonds to help the economy. But stocks fell anyway. The reason? The Fed made it clear that it thinks a full economic recovery is years away.

The Dow Jones industrial average lost 283.82 points, or 2.5 percent, and closed at 11,124.84. The Standard & Poor's 500 index fell 35.33, or 2.9 percent, to 1,166.76 The Nasdaq composite fell 52.05, or 2 percent, to 2,538.19.

Investors bought Treasurys because of concerns about the weak economy. The yield on the 10-year Treasury note fell to a record low of 1.86 percent from late Tuesday's 1.93 percent.