Stocks Markets

Wall Street likes Monti, but still wary of Italy (Reuters)

NEW YORK (Reuters) – A long, standing ovation greeted Italy’s Mario Monti when he entered the packed Card Room on the seventh floor of the New York Stock Exchange last week. But that does not mean all of the 200 people in the audience were ready to send their money to the Mediterranean peninsula....
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Stocks move higher as unemployment claims drop (AP)

NEW YORK – Stocks rose on Thursday on signs of strength in the U.S. job market, but continuing uncertainty about Greece’s debt problems kept the gains in check. The Dow Jones industrial average was up 111 points to 12,892 shortly after noon. That was a turnaround from Wednesday, when the index lost 97 points....
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S&P at 9-month high as Wall Street rallies (Reuters)

NEW YORK (Reuters) – The SP 500 index hit its highest level since May on Thursday on signs of an improving U.S. economy and optimism a Greek bailout deal would be agreed next week. The Dow Jones industrial average (.DJI) rose 124.08 points, or 0.97 percent, to 12,905.03. The SP 500 Index (.INX) gained...
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How to invest in the coming housing market rebound (AP)

CHICAGO – The housing market recovery hasn’t taken off yet, but a rally in its stocks sure has. The Standard Poor’s homebuilders index is up 60 percent since October. Given that stock prices tend to anticipate business trends, does that mean a housing market rebound is imminent during the spring home-selling season? Not necessarily....
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Markets jittery on mounting Greek uncertainty (AP)

LONDON – Markets were in a jittery mood Thursday as uncertainty escalated over whether Greece will get vital bailout cash to avoid defaulting next month. Stocks took a hit, the euro dropped below $1.30 and the borrowing rates rose for Italy and Spain, an indication of renewed investor concerns that they will eventually be...
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Stock futures down on Moody’s warnings, Greece (Reuters)

NEW YORK (Reuters) – Stock index futures fell on Thursday as a Moody’s warning of a possible downgrade of global banks and a further holdup in a bailout for debt-laden Greece kept investors nervous. * Moody’s said it might cut the credit ratings of 17 global and 114 European financial institutions in another sign...
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Dow falls 97 points, worst showing this year (AP)

NEW YORK – Stocks slumped Wednesday in one of their worst showings this year as Greece, slogging through negotiations with other countries over a bailout, once again cast a long shadow over the financial markets. The Dow Jones industrial average dropped 97.33 points to close at 12,780.95. It was the worst one-day decline for...
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