Stocks finished mixed on Thursday with the latest headlines from Europe stirring up volatility and eclipsing early optimism about a surprise positive read on U.S. regional manufacturing.
The Dow Jones Industrial Average climbed 37 points, or 0.3%, to close at 11,542, after trading down some 110 points earlier. The S&P 500 also rebounded from negative territory, settling up 6 points, or 0.5%, at 1215. The Nasdaq pared losses as well but still lagged behind, losing 5 points, or 0.2%, at 2599 by the close.
Earlier in the day, speculation swirled that European lawmakers would be forced to delay a summit this Sunday, where they were originally expected to reach agreement on a debt crisis plan. Later German Chancellor Angela Merkel and French President Nicolas Sarkozy jointly said a plan would emerge by next Wednesday, helping stocks rebound in the afternoon.
Meanwhile, violence in Greece underscored the urgency of the crisis. Greek protesters marched for a second day as policymakers vote on austerity measures aimed to keep the country from defaulting.
The CBOE Volatility Index rose 0.7% to a reading of 35, after jumping above 30 at the beginning of the week.
Dow Jones Industrial Average
(DJI: ^DJI )
| Index Value: | 11,541.78 |
|---|
| Trade Time: | 4:01PM EDT |
|---|
| Change: |  37.16 (0.32%) |
|---|
| Prev Close: | 11,504.62 |
|---|
| Open: | 11,502.13 |
|---|
| Day's Range: | 11,391.14 -11,581.25 |
|---|
| 52wk Range: | 10,362.30 -12,928.50 |
|---|
No comments:
Post a Comment
Please remember...your comment should not contain nudity or vulger language in addition to advertisement of your blog/site or any product ...and should not hurt the readers emotions...if that will be case it will be removed on first review of admin staff... Regards