Stocks climbed, led by tobacco companies after the Supreme Court declined to review a landmark tobacco-industry ruling.
The Dow Jones Industrial Average gained 34 points, or 0.3%, to 10177. The Nasdaq Composite rose 0.4% to 2232.
The Standard & Poor's 500-stock index rose 0.3% to 1080, with tobacco companies leading the consumer staples sector higher. Reynolds American gained 4%, Altria Group rose 3.8% and Lorillard gained 2.8% after the high court refused to revisit a case that found the tobacco industry violated federal racketeering laws by engaging in a decades-long scheme to deceive the public about the dangers of smoking.
The high court rejected appeals by both the tobacco industry, seeking to overturn lower-court holdings, and the government, attempting to revive its rejected attempt to get tobacco companies to forfeit up to $280 billion in profits and pay $10 billion for smoking-cessation programs.
In Europe, most equity markets posted slight gains, with the Stoxx Europe 600 index up 0.3% recently.
But the euro, recently trading around $1.2323, fell to a new low against the Swiss franc and weakened against the dollar. The dollar slipped against the yen. The U.S. Dollar Index, which tracks the U.S. currency against a basket of six others, rose 0.2%. Demand for Treasurys climbed, with the 10-year note up to push yield down to 3.05%. Gold futures advanced.
In other economic data, the Commerce Department said consumer spending, a key growth engine for the U.S. economy, was up 0.2% last month after a flat reading in April, in line with the expectations of economists surveyed by Dow Jones Newswires. Also matching expectations, incomes rose 0.4% in May, helped by slow improvements in the jobs market, following a 0.5% increase in April.
American depositary shares of oil giant BP rose 2.4%. BP said the costs of cleaning up the oil spill in the Gulf of Mexico have soared to $2.65 billion, an increase of $300 million from its estimate last Friday. The firm is currently drilling a relief well in an effort to stop the leak after numerous other strategies failed.
Among other stocks in focus, Universal Health Services slid 1.6% after Standard & Poor's Ratings Services cut the company to junk territory, saying its company's pending $2 billion acquisition of mental-health facility operator Psychiatric Solutions will have a dramatic impact on its financial risk profile.
Noble Corp. jumped 4.8% after agreeing to acquire privately held drilling company FDR Holdings for $2.16 billion as the energy company also announced the signing of new contracts with Royal Dutch Shell PLC.
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We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
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Showing posts with label Increase. Show all posts
Showing posts with label Increase. Show all posts
Tuesday, 29 June 2010
Friday, 30 April 2010
World stocks rise amid Greek bailout hopes
LONDON – European stocks traded in a narrow range Friday as investors warily awaited the completion of a Greek support package and looked ahead of U.S. economic figures set to show the world's largest economy continuing to grow solidly.
In Europe, the FTSE 100 index of leading British shares was down 11.42 points, or 0.2 percent, at 5,606.42 while France's CAC-40 index fell 13.08 points, or 0.3 percent, to 3,827.54. Germany's DAX was up 26.95 points, or 0.4 percent, at 6,171.86.
Once again, most attention in the markets remains on the Greek debt crisis — while most investors expect a bailout loan package to be agreed by this weekend, there have been so many shocks and delays in this crisis that they remain reluctant to get too euphoric.
"The situation remains tense with bonds and equities likely to whipsaw until a formal arrangement has been negotiated," said Jeremy Batstone-Carr, director of private client research at stockbrokers Charles Stanley.
Greece has to find euro8.5 billion to pay off debtors on May 19 and the way the bond markets are at the open — especially after Standard & Poor's downgraded the country's debt to junk status earlier this week — Greece is relying on getting the money from its 15 partners in the eurozone and the International Monetary Fund.
Mounting fears that Germany might hold up its share of the overall euro45 billion bailout package agreed earlier this month was the catalyst to this week's market turmoil.
The consensus in the markets now is that a much more extensive package will be offered to Greece than the original one-year euro45 billion deal agreed — that has helped to shore up confidence in the markets and Europe's main stock indexes have advanced while the euro has clambered off its recent lows.
Confirmation of a deal could well come over the long weekend — Europe's main markets are closed Monday for the May Day holiday.
Even if Greece gets the money, it has years of painful austerity ahead.
Greek Prime Minister George Papandreou said Friday that more needs to be done.
"There is still a long way to go before Greece's ails are healed," said Jane Foley, research director at Forex.com.
"Given that the already announced doses of austerity will ensure Greece remains in recession this year, there is no guarantee that Greece will be able to tolerate continued belt tightening over the next couple of years," said Foley.
For now though, hopes of an imminent agreement has helped ease the pressure on the euro, which earlier this week slid to a one-year low against the dollar — by late morning London time, the euro rose 0.5 percent to $1.3306.
Away from Greece, investors will have one major news release to digest this afternoon before wrapping up for the weekend — the first estimate of U.S. economic growth for the first quarter of 2010.
The consensus in the markets is that the U.S. economy grew at a 3.4 percent annual rate — that would mark the third straight quarterly gain as the United States heals from the longest recession since the 1930s.
Ahead of the data, Wall Street was poised for a solid opening after gains on Thursday, when stocks rallied after a series of upbeat earnings reports and a reading on unemployment that suggested layoffs might be slowing.
Analysts pointed out that a sharp deviation from the consensus could alter expectations for Wall Street's open.
Dow futures were up 9 points, or 0.1 percent, at 11,144 while the broader Standard & Poor's 500 futures rose 1.3 point, or 0.1 percent, at 1,206.60.
Earlier in Asia, Japan's Nikkei 225 stock average rose 132.61 points, or 1.2 percent, at 11,057.40, while Hong Kong's Oil prices rose, with benchmark crude for June delivery up 60 cents to $85.77 a barrel. The contract rose $1.95 to settle at $85.17 on Thursday.
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities. We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
In Europe, the FTSE 100 index of leading British shares was down 11.42 points, or 0.2 percent, at 5,606.42 while France's CAC-40 index fell 13.08 points, or 0.3 percent, to 3,827.54. Germany's DAX was up 26.95 points, or 0.4 percent, at 6,171.86.
Once again, most attention in the markets remains on the Greek debt crisis — while most investors expect a bailout loan package to be agreed by this weekend, there have been so many shocks and delays in this crisis that they remain reluctant to get too euphoric.
"The situation remains tense with bonds and equities likely to whipsaw until a formal arrangement has been negotiated," said Jeremy Batstone-Carr, director of private client research at stockbrokers Charles Stanley.
Greece has to find euro8.5 billion to pay off debtors on May 19 and the way the bond markets are at the open — especially after Standard & Poor's downgraded the country's debt to junk status earlier this week — Greece is relying on getting the money from its 15 partners in the eurozone and the International Monetary Fund.
Mounting fears that Germany might hold up its share of the overall euro45 billion bailout package agreed earlier this month was the catalyst to this week's market turmoil.
The consensus in the markets now is that a much more extensive package will be offered to Greece than the original one-year euro45 billion deal agreed — that has helped to shore up confidence in the markets and Europe's main stock indexes have advanced while the euro has clambered off its recent lows.
Confirmation of a deal could well come over the long weekend — Europe's main markets are closed Monday for the May Day holiday.
Even if Greece gets the money, it has years of painful austerity ahead.
Greek Prime Minister George Papandreou said Friday that more needs to be done.
"There is still a long way to go before Greece's ails are healed," said Jane Foley, research director at Forex.com.
"Given that the already announced doses of austerity will ensure Greece remains in recession this year, there is no guarantee that Greece will be able to tolerate continued belt tightening over the next couple of years," said Foley.
For now though, hopes of an imminent agreement has helped ease the pressure on the euro, which earlier this week slid to a one-year low against the dollar — by late morning London time, the euro rose 0.5 percent to $1.3306.
Away from Greece, investors will have one major news release to digest this afternoon before wrapping up for the weekend — the first estimate of U.S. economic growth for the first quarter of 2010.
The consensus in the markets is that the U.S. economy grew at a 3.4 percent annual rate — that would mark the third straight quarterly gain as the United States heals from the longest recession since the 1930s.
Ahead of the data, Wall Street was poised for a solid opening after gains on Thursday, when stocks rallied after a series of upbeat earnings reports and a reading on unemployment that suggested layoffs might be slowing.
Analysts pointed out that a sharp deviation from the consensus could alter expectations for Wall Street's open.
Dow futures were up 9 points, or 0.1 percent, at 11,144 while the broader Standard & Poor's 500 futures rose 1.3 point, or 0.1 percent, at 1,206.60.
Earlier in Asia, Japan's Nikkei 225 stock average rose 132.61 points, or 1.2 percent, at 11,057.40, while Hong Kong's Oil prices rose, with benchmark crude for June delivery up 60 cents to $85.77 a barrel. The contract rose $1.95 to settle at $85.17 on Thursday.
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities. We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Tuesday, 20 April 2010
Stocks futures rise, led by upbeat earnings
Market Movers
- Most Active
- Top % Gainers
- Top % Losers
- Exchange:
| Name | Price | Change | Change% | Volume |
|---|---|---|---|---|
| Direxion Daily Financial Be... | 11.84 | -0.34 | -2.79% | 124,945,382 |
| Citigroup Inc | 4.88 | +0.32 | +7.02% | 40,252,681 |
| Direxion Daily Financial Bu... | 107.10 | +2.71 | +2.60% | 40,196,940 |
| Direxion Daily Small Cap Be... | 6.15 | +0.08 | +1.36% | 34,830,483 |
| Vale S. A. | 32.98 | -0.48 | -1.43% | 31,872,255 |
| Merrill Lynch & Co., Inc. S... | 29.91 | -0.17 | -0.57% | 24,441,950 |
| Bristol-Myers Squibb Co. | 25.81 | +0.33 | +1.30% | 23,618,187 |
| Alcatel-Lucent | 3.29 | -0.05 | -1.50% | 23,447,914 |
| Halliburton Company | 31.57 | -0.07 | -0.22% | 21,178,274 |
| Itau Unibanco Holding S.A. | 21.55 | -0.33 | -1.51% | 16,160,735 |
NEW YORK - Stock futures rose Tuesday as investors look to build on a late-day rally after another round of upbeat earnings reports.
Overseas markets mostly rose following U.S. gains on Monday.
Investors have set aside, at least temporarily, concerns about a potential overhaul of financial regulation and civil fraud charges levied against Goldman Sachs Group Inc. Instead, traders are focusing on another batch of strong earnings reports from across a wide range of sectors, including Goldman Sachs itself.
Goldman Sachs reported a better-than-expected first-quarter profit, earning $3.3 billion. The Wall Street giant continues to post big earnings because of strong trading revenue. A recovery in stocks, bonds and other investments has preceded a broader rebound in the economy.
The big bank is expected to discuss on its earnings conference call the civil fraud charges it faces tied to managing subprime mortgage securities.
Swiss drug maker Novartis AG easily topped first-quarter profit forecasts thanks to strong sales of its swine flu vaccine.
IBM Corp. also beat expectations as corporate technology spending rebounds from the recession. IBM's results, announced after the market closd Monday, were the latest from the technology sector to show the industry is recovering and no longer has to rely on cost-cutting to improve profitability like it did for much of last year.
Coca-Cola Co., Apple Inc. and Yahoo Inc. are all also scheduled to report quarterly results later Tuesday.
Ahead of the opening bell, Dow Jones industrial average futures rose 18, or 0.2 percent, to 11,062. Standard & Poor's 500 index futures rose 4.10, or 0.3 percent, to 1,199.70, while Nasdaq 100 index futures rose 6.25, or 0.3 percent, to 2,019.25.
Strong earnings have buoyed stocks over the past week, helping major indexes move higher. Citigroup Inc.'s better-than-expected results helped stocks bounce back from a disappointing close to last week.
Citi was one of the hardest hit banks by the credit crisis, so its recovery bodes well for a broader economic recovery.
The Dow rose 73 points for the day Monday after being lower throughout much of the day. The index jumped 100 points during the last two hours of trading.
Stocks opened Monday lower as concerns remained about the Securities and Exchange Commission civil charges against Goldman Sachs. The charges, announced Friday, came as Congress discusses financial regulatory reform.
Meanwhile, bond prices fell Tuesday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.82 percent from 3.80 percent late Monday.
The dollar fell against other major currencies, while gold and oil rose.
Overseas, Britain's FTSE 100 rose 1 percent, Germany's DAX index jumped 1.4 percent, and France's CAC-40 gained 1.1 percent. Japan's Nikkei stock average fell 0.1 percent.
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Monday, 29 March 2010
Stocks set to gain at open
NEW YORK (CNNMoney.com) -- U.S. stocks were poised for a higher open Monday as a report on personal income and spending was set to kick off a busy, and holiday-shortened, week.
Dow Jones industrial average, S&P 500, and Nasdaq 100 futures were up.
Futures measure current index values against perceived future performance and offer an indication of how markets may open when trading begins.
Despite a mixed finish Friday, the major stock indexes have risen six of the past seven weeks. But this week, which will include the end of 2010's first quarter, could test how strong the economy really is.
The week will be capped by the March employment report on Friday, although stock markets won't be able to react until next Monday because they'll be closed for Good Friday.
Economy: The February reading on personal income and spending is due before the start of trading.
The Commerce Department report is expected to show that income rose 0.1% in February, according to a consensus of economists surveyed by Briefing.com. Income rose 0.1% in January too. Spending is expected to have risen 0.3% in February following a rise of 0.5% in January.
The Core PCE deflator -- a key measure of inflation that is part of the spending report -- is expected to have risen 0.1% following a flat reading in January.
Companies: Chinese carmaker Zhejiang Geely Holding Group has purchased Volvo cars from U.S. automaker Ford, the Swedish carmaker announced Sunday.
The $1.8 billion deal represents the biggest ever purchase by a Chinese car manufacturer, but it is considerably less than the $6.4 billion Ford (F, Fortune 500) paid for Volvo in 1999.
World markets: Asian stocks ended higher. In Japan, Tokyo's Nikkei index gained 1.5%, while the Hang Seng in Hong Kong rallied more than 2%.
In Europe, stocks were mixed, with Britain's FTSE 100 lower, and France's CAC 40 and Germany's DAX higher in early trade.
The dollar and commodities: The dollar eased against the euro and pound, but was unchanged versus the yen.
Crude oil for May delivery added 66 cents to $80.66 a barrel.
The price of gold for April delivery was up $6.40 an ounce to $1,111.40.
Treasurys: The price of the benchmark 10-year note was higher, lowering the yield to 3.85%.
http://www.stocksource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Dow Jones industrial average, S&P 500, and Nasdaq 100 futures were up.
Futures measure current index values against perceived future performance and offer an indication of how markets may open when trading begins.
Despite a mixed finish Friday, the major stock indexes have risen six of the past seven weeks. But this week, which will include the end of 2010's first quarter, could test how strong the economy really is.
The week will be capped by the March employment report on Friday, although stock markets won't be able to react until next Monday because they'll be closed for Good Friday.
Economy: The February reading on personal income and spending is due before the start of trading.
The Commerce Department report is expected to show that income rose 0.1% in February, according to a consensus of economists surveyed by Briefing.com. Income rose 0.1% in January too. Spending is expected to have risen 0.3% in February following a rise of 0.5% in January.
The Core PCE deflator -- a key measure of inflation that is part of the spending report -- is expected to have risen 0.1% following a flat reading in January.
Companies: Chinese carmaker Zhejiang Geely Holding Group has purchased Volvo cars from U.S. automaker Ford, the Swedish carmaker announced Sunday.
The $1.8 billion deal represents the biggest ever purchase by a Chinese car manufacturer, but it is considerably less than the $6.4 billion Ford (F, Fortune 500) paid for Volvo in 1999.
World markets: Asian stocks ended higher. In Japan, Tokyo's Nikkei index gained 1.5%, while the Hang Seng in Hong Kong rallied more than 2%.
In Europe, stocks were mixed, with Britain's FTSE 100 lower, and France's CAC 40 and Germany's DAX higher in early trade.
The dollar and commodities: The dollar eased against the euro and pound, but was unchanged versus the yen.
Crude oil for May delivery added 66 cents to $80.66 a barrel.
The price of gold for April delivery was up $6.40 an ounce to $1,111.40.
Treasurys: The price of the benchmark 10-year note was higher, lowering the yield to 3.85%.
http://www.stocksource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Friday, 26 March 2010
Wall St futures point to higher open; data eyed
(Reuters) - Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rose 0.2 to 0.3 percent, pointing to a firmer start on Wall Street on Friday.
At 8.30 a.m. ET, Commerce Department releases its final estimate of Q4 Gross Domestic Product (GDP) growth. Economists in a Reuters survey forecast a 5.9 percent annualized rate of growth, a repeat of the preliminary Q4 estimate.
The White House plans to announce on Friday it will require lenders to lower the mortgage payments of some unemployed workers and encourage lenders to eliminate some principal debt of homeowners who owe more than their home is worth, sources familiar with the plan said on Thursday.
Swiss banking giant UBS (UBSN.VX) (UBS.N) has slashed about 200 jobs in its U.S. brokerage unit, a source told Reuters. The job losses account for nearly 1.2 percent of the brokerage unit's 16,295 employees. A bulk of the job cuts were announced in the past two days, according to the Wall Street Journal. UBS declined to comment.
China will resume yuan appreciation in the second quarter but will keep its currency on a short leash, allowing a mere 3 percent rise over the next 12 months, according to a Reuters poll.
Commerce Department releases fourth quarter corporate profits at 8.30 a.m. Economists in a Reuters survey forecast a 10.0 percent rise versus a 12.7 percent increase in the previous report.
At 9.55 a.m., Reuters/University of Michigan Surveys of Consumers release final March consumer sentiment index. Economists in a expect a reading of 73.0, compared with 73.6 in the final February report.
News Corp (NWSA.O) will charge readers for online versions of its UK Times and Sunday Times newspapers from June, becoming the first media firm to test consumers' appetite to pay for mass-market news online. Access to two new websites for the two titles will cost 1 pound ($1.49) per day or 2 pounds for a week. Subscribers to the print versions will get free access, News Corp said on Friday.
Economic Cycle Research Institute (ECRI) releases its weekly index of economic activity for March 19 at 10.30 a.m. In the prior week the index read 130.9.
Shares of Accenture Plc (ACN.N) fell 2.1 percent to $40.90 in extended trading on Thursday after the company reported its second-quarter results.
General Motors Co GM.UL expects to repay $1 billion to the U.S. Treasury on Wednesday, attempting to settle the loan with the government ahead of schedule, the Wall Street Journal said, citing a person familiar with the plan. GM could not be immediately reached for comment by Reuters.
Finish Line shares (FINL.O) rose 7.5 percent to $15.76 late on Thursday after the company reported fourth-quarter results.
European shares fell on Friday, after closing at their highest level in nearly 18 months, with banks the major losers, as fears still remained about peripheral economies in Europe. The pan-European FTSEurofirst 300 .FTEU3 index of top shares was down 0.3 percent.
Euro zone leaders agreed on Thursday to create a joint financial safety net with the IMF to help debt-ridden Greece and to try to restore confidence in their common currency after weeks of wrangling.
U.S. stocks ended flat on Thursday, dropping off earlier highs as a weak U.S. bond auction and global debt concerns continued to weigh on investor sentiment.
The Dow Jones industrial average .DJI was up 5.06 points, or 0.05 percent, to end at 10,841.21. But the Standard & Poor's 500 Index .SPX was down 1.99 points, or 0.17 percent, at 1,165.73. And the Nasdaq Composite Index .IXIC was down 1.35 points, or 0.06 percent, at 2,397.41.
Japan's Nikkei average .N225 climbed 1.6 percent to its highest close in 18 months on Friday as recent weakness in the yen buoyed exporters, and helped by investors looking to secure dividends before the financial year end.
(Reporting by Atul Prakash; Editing by Hans Peters)
http://www.stocksource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
At 8.30 a.m. ET, Commerce Department releases its final estimate of Q4 Gross Domestic Product (GDP) growth. Economists in a Reuters survey forecast a 5.9 percent annualized rate of growth, a repeat of the preliminary Q4 estimate.
The White House plans to announce on Friday it will require lenders to lower the mortgage payments of some unemployed workers and encourage lenders to eliminate some principal debt of homeowners who owe more than their home is worth, sources familiar with the plan said on Thursday.
Swiss banking giant UBS (UBSN.VX) (UBS.N) has slashed about 200 jobs in its U.S. brokerage unit, a source told Reuters. The job losses account for nearly 1.2 percent of the brokerage unit's 16,295 employees. A bulk of the job cuts were announced in the past two days, according to the Wall Street Journal. UBS declined to comment.
China will resume yuan appreciation in the second quarter but will keep its currency on a short leash, allowing a mere 3 percent rise over the next 12 months, according to a Reuters poll.
Commerce Department releases fourth quarter corporate profits at 8.30 a.m. Economists in a Reuters survey forecast a 10.0 percent rise versus a 12.7 percent increase in the previous report.
At 9.55 a.m., Reuters/University of Michigan Surveys of Consumers release final March consumer sentiment index. Economists in a expect a reading of 73.0, compared with 73.6 in the final February report.
News Corp (NWSA.O) will charge readers for online versions of its UK Times and Sunday Times newspapers from June, becoming the first media firm to test consumers' appetite to pay for mass-market news online. Access to two new websites for the two titles will cost 1 pound ($1.49) per day or 2 pounds for a week. Subscribers to the print versions will get free access, News Corp said on Friday.
Economic Cycle Research Institute (ECRI) releases its weekly index of economic activity for March 19 at 10.30 a.m. In the prior week the index read 130.9.
Shares of Accenture Plc (ACN.N) fell 2.1 percent to $40.90 in extended trading on Thursday after the company reported its second-quarter results.
General Motors Co GM.UL expects to repay $1 billion to the U.S. Treasury on Wednesday, attempting to settle the loan with the government ahead of schedule, the Wall Street Journal said, citing a person familiar with the plan. GM could not be immediately reached for comment by Reuters.
Finish Line shares (FINL.O) rose 7.5 percent to $15.76 late on Thursday after the company reported fourth-quarter results.
European shares fell on Friday, after closing at their highest level in nearly 18 months, with banks the major losers, as fears still remained about peripheral economies in Europe. The pan-European FTSEurofirst 300 .FTEU3 index of top shares was down 0.3 percent.
Euro zone leaders agreed on Thursday to create a joint financial safety net with the IMF to help debt-ridden Greece and to try to restore confidence in their common currency after weeks of wrangling.
U.S. stocks ended flat on Thursday, dropping off earlier highs as a weak U.S. bond auction and global debt concerns continued to weigh on investor sentiment.
The Dow Jones industrial average .DJI was up 5.06 points, or 0.05 percent, to end at 10,841.21. But the Standard & Poor's 500 Index .SPX was down 1.99 points, or 0.17 percent, at 1,165.73. And the Nasdaq Composite Index .IXIC was down 1.35 points, or 0.06 percent, at 2,397.41.
Japan's Nikkei average .N225 climbed 1.6 percent to its highest close in 18 months on Friday as recent weakness in the yen buoyed exporters, and helped by investors looking to secure dividends before the financial year end.
(Reporting by Atul Prakash; Editing by Hans Peters)
http://www.stocksource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
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