Wall Street bounces back for a second day, Europe shares end lower
US stocks rose for a second day in a choppy session, with technology and consumer discretionary stocks leading the way after upbeat earnings.
The Dow Jones industrial average edged up 8.10 points, or 0.07 percent, to 12,402.76. The Standard & Poor's 500 Index gained 5.22 points, or 0.40 percent, to 1,325.69. The Nasdaq Composite Index rose 21.54 points, or 0.78 percent, to 2,782.92.
European shares fell after data showed sluggish growth in the US economy in the first quarter and on doubts as to whether the International Monetary Fund would release its next tranche of aid to Greece.
The FTSEurofirst 300 index of top European shares ended 0.1 percent lower at 1,126.28 points after a choppy session, rising as high as 1,130.40 and falling up to 1,123.03 points during the day.
The Nikkei share average climbed 1.5 percent from a two-month closing low hit the previous day, boosted by short-covering in battered shares such as Komatsu as well as the launch of two investment trusts this week.The Nikkei share average climbed 1.5 percent from a two-month closing low hit the previous day, boosted by short-covering in battered shares such as Komatsu as well as the launch of two investment trusts this week.
COMMENTS >
