Stocks mixed in choppy session
May 24th, 2010 admin
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Stocks seesawed Monday as investors welcomed a bigger-than-expected rise in existing home sales but remained worried about the global economic outlook.
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Stocks ended little changed Friday as investors showed caution after a surprise drop in existing home sales, a surprise rise in GDP growth and AIG’s worse-than-expected quarterly decline.
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Stocks rose Thursday, led by technology shares, as investors looked past the day’s ho-hum economic news and geared up for Intel’s quarterly report, released shortly after the bell.
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Stocks rallied Tuesday, with the Dow, Nasdaq and S&P 500 ending at new 18-month highs following the release of a better-than-expected existing home sales report that suggests a slow economic rebound.
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U.S. stocks closed sharply lower Tuesday after a report showing showing a worse-than-expected plunge in existing home sales reignited fears about an economic slowdown.
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Stocks cut losses Friday afternoon but remained in the red after China’s bid to limit bank loans and slower-than-expected European growth raised worries about the strength of the global economic recovery.
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Stocks ended little changed Friday, as investors welcomed a report that showed a surprise rise in retail sales, but showed caution as
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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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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 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 seesawed Tuesday, losing steam late in a volatile session, as investors welcomed Europe’s $1 trillion aid package, but showed caution amid the recent market turmoil.
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