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.
Tuesday, September 27, 2011
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.
http://srph.it/cupeHD
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.
http://srph.it/cupeHD
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