Tag: Monday
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Financials Drove Market Higher
U.S. stocks closed near their highs of the day Monday, led by financial companies, as investors shrugged off Hurricane Irene and welcomed a better-than-expected showing for consumer spending.The Dow average gained 254.71 points, or 2.26%, to 11,539.25. The S&P 500 added 33.28 points, or 2.83%, to 1,210.08. The Nasdaq Composite ended up 82.26 points, or…
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Stocks Opened Higher on Strong Consumer Data
U.S. stocks opened higher on Monday after data showed Americans spent more than expected last month. The Dow Jones Industrial Average lately rose 178.76 points to 11,463.30. The Standard & Poor’s 500 Index gained 20.57 points to 1,197.37. The Nasdaq Composite Index added 48.88 points to 2,528.73. Americans spent more money than they took in…
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Street Ended Off on Debt Standoff
U.S. stocks fell Monday, but benchmark indexes finished above the session’s worst levels as traders weighed the prospects for an agreement over the U.S. debt ceiling limit and the potential for a government debt default. The Dow Jones industrial average dropped 88.36 points, or 0.70 percent, to 12,592.80. The Standard & Poor’s 500 Index fell…
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Stocks Sink on Debt Fears
U.S. stocks closed with broad losses Monday,led by banks on concerns the United States and Europe were not coming to grips with the extent of their debt problems. The Dow Jones Industrial Average lost 94.57 points, or 0.76%, to 12,385.16. The S&P 500 slipped 10.70 points, or 0.81%, to 1,305.44. The Nasdaq Composite lost 24.69…
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Euro Debt News Lifted Stocks
.S. stocks closed sharply higher Monday as signs that a widespread European debt crisis could be averted were lifting the market. The Dow Jones Industrial Average ended up 108.98 points, or 0.9%, to 12,043.56. The S&P 500 gained 11.65 points, or 0.9%, to 1,280.10. The Nasdaq Composite rose 35.39 points, or 1.3%, to 2,688.28. French…
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Stocks Up in Early Trading after Economic Data
U.S. stocks were higher in early on Monday after the government reported consumer spending was unchanged in May. The Dow Jones Industrial Average lately rose 51.39 points to 11,985.97. The Standard & Poor’s 500 Index added 3.93 points to 1,272.38. The Nasdaq Composite Index gained 8.00 points to 2,660.89. Americans spent in May at the…
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Stocks Ended with Tiny Gains
U.S. stocks Monday ended with tiny gains as enthusiasm for a fresh round of mergers competed with worries over Europe’s debt outlook after Standard & Poor’s cut Greece’s debt ratings. The Dow average ended up 1.06 points, or 0.01%, at 11,952.97. The S&P 500 added 0.85 point, or 0.07%, to 1,271.83. The Nasdaq Composite closed…