Stocks: Best day in 14 months
May 10th, 2010 admin
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Stocks rallied Monday after European officials approved a nearly $1 trillion rescue plan to contain the debt crisis in troubled nations and stabilize the euro.
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U.S. stock futures soared Monday, positioning Wall Street toward joining a worldwide rally, after European Union officials approved a $900 billion bailout to stabilize the euro and rescue debt-choked Greece.
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Stocks rallied Tuesday afternoon as growing bets that European officials will rescue Greece from its debt problems reassured investors following a four-week selloff.
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Stocks rallied Monday, bouncing back after a big selloff last week as investors welcomed news that European leaders agreed to provide Greece with $146 billion in aid over the next three years.
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Stocks rallied Monday, extending last month’s strong gains, as investors welcomed upbeat economic reports and strong earnings from European banks.
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Stocks slipped Tuesday, giving up earlier gains in a very choppy session, amid a worse-than-expected existing home sales report and the latest on the European debt crisis.
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Stocks slumped for a third straight session Friday, on worries that the White House’s bank plan and China’s lending curbs will mean a broader cutback in lending.
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America’s total debt load is on pace to top $13 trillion this year, and $22 trillion by 2020 — and that’s just the debt we’re counting.
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A stock rally gained momentum Thursday, with the major indexes hitting highs for the day in the last minutes of trade, as concerns over Europe’s debt crisis and its impact on the global recovery were calmed by a sharp boost in Chinese exports and a strengthening euro.
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U.S. stocks soared Thursday, with the major indexes gaining about 3%, after Chinese officials dismissed reports that they’re reviewing their nation’s investment in European bonds amid concerns about the continent’s debt problems.
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Stocks rallied Monday after FedEx’s improved forecast and a better-than-expected housing market report tempered worries about the economic outlook.
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