Monthly Archives: May 2011

May finishes on a strong note for stocks

Playing up reports that Europe will not allow a restructuring of Greek sovereign debt and downplaying some weak economic reports at home, U.S. stocks followed international markets higher Tuesday, closing the month of May with a four-day rally.

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Penultimate trading day in May ends on the positive side for stocks

Stock prices rallied modestly again Friday, closing the week with three days of advances (after declines in the prior three days.

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U.S. stock prices rise as higher profits offset punk economic growth

U.S. stock prices rallied modestly for a second day Thursday, taking encouragement from corporate earnings where little or none was available on the economic front.

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U.S. stock prices enjoy a modest uptick Wednesday

U.S. stock prices broke out of their three-day sinking spell, with the Dow and S&P 500 each gaining 0.3% Wednesday and NASDAQ advancing 0.6%, its best day in a week.

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U.S. stocks meander lower for a third day

U.S. stock prices retreated modestly Tuesday, failing to carry through on the improved trend seen earlier in the day in Europe and Asia.

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Euro debt crisis starting to resemble Perils of Pauline

Over a year after the Greek debt tragedy first appeared on the world stage, it is still receiving curtain calls and rotten tomatoes.

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Stocks lose roughly three-quarters of a percentage point Friday as Greece and Gap inspire profit taking

A ratings downgrade of Greece sovereign debt by Fitch Ratings to B+ from BB+ battered the euro, and disappointing profits guidance at Gap sent share prices of retailers lower, with the net result being losses in the major stock market … Continue reading

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Leading indicators, Philly Fed index point to slowdown, but stocks manage small advance Thursday

The U.S. index of leading economic indicators declined 0.3% in April, the first decline since last June, with the bulk of the decline the result of rising jobless claims – which have since retreated.

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Stocks rally, bonds sink as FOMC minutes are released

The S&P 500 increased 0.9% Wednesday, putting it 0.2% ahead for the week, finishing the day just about level with where it stood at 2:00, when the Federal Reserve released the minutes of its late April policy meeting.

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Production, housing and retail sales all weaker. Would you believe weather?

The Dow Jones industrial Average spent most of Tuesday trading down 50-150 points, before finishing roughly 70 points or 0.6% lower.

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