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Monthly Archives: February 2012
Stock prices hit another key benchmark early Wednesday but ended the day with losses.
After several near-misses, the Dow Jones Industrial Average managed to close over 13000 on Tuesday.
Above 13000 for most of the day, the Dow Jones Industrial Average failed once again to close above that level.
Stock prices generally closed higher Friday, with the market averages ending the week at or near multiyear highs.
The Dow Jones Industrials flirted with 13000 again today, looking for a while as if it might make a late-session rush at that milestone last hit in May 2008 but never quite completing its move – but finishing the day … Continue reading
U.S. stocks closed with moderate losses Wednesday as investors were surprised by a dip in Euro-zone purchasing managers’ survey results and the “sudden” realization that the Greek debt deal may not be a permanent fix to Europe’s debt crisis.
The Dow Jones Industrials and the S&P 500 were marginally higher Tuesday, each touching a milestone of sorts before retreating to modest 0.1% gains on the day.
The markets ended the week on a quiet but mostly upbeat note, as investors seemed to believe – at least for the day – that the Greek bailout package may be agreed upon as early as next week.
Generally positive economic news and indications that the Greece bailout is approaching approval (Where have we heard that before?) sent U.S. stock prices to their highest levels of the year on Thursday.
U.S. stocks opened higher but then trended lower as early optimism about a Greek bailout deal faded when it appeared that – surprise, surprise – the process would be delayed once again.