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Showing posts with the label Stocks and Markets in the News: Wall Street at close

Stocks and Markets in the News: Wall Street at Close: U.S. stocks rebound after Greece passes austerity

  By Laura Mandaro SAN FRANCISCO (MarketWatch) -- U.S. stocks rebounded from last week's losses to close higher Monday, after the Greek parliament's passage of an austerity bill supported hopes the country could avoid a messy debt default. The Dow Jones Industrial Average DJIA +0.57% rose 72.81 points, or 0.6%, to 12,874.04. The S&P 500 SPX +0.68% gained 9.13 points, or 0.7%, to 1,351.77. The Nasdaq Composite COMP +0.95% added 27.51 points, or 1%, to close at 2,931.39.

Stocks and Markets in the News: Wall Street at close: Stocks close sharply lower on European-debt woes

By Kate Gibson NEW YORK (MarketWatch) -- U.S. stocks posted steep declines Wednesday after a rating agency signaled trouble ahead for U.S. banks should Europe's debt trouble worsen. "Fitch said U.S. banks have manageable direct exposures to the stressed European markets, but further contagion poses a serious risk. Fitch believes that unless the Eurozone debt crisis is resolved in a timely and orderly manner, the broad credit outlook for the U.S. banking industry could worsen," said Peter Boockvar, equity strategist at Miller Tabak. Closing near session lows, the Dow Jones Industrial Average DJIA -1.58% lost 190.57 points, or 1.6%, to 11,905.59. The S&P 500 Index SPX -1.66% declined 20.89 points