Monday, June 20, 2011
Wall St ends higher, but weak volume a warning sign
European stocks hit by Greece worries.
US stocks rose, as the latest development to reduce Greece's debt helped draw buyers and the S&P 500 touched a key support level, but anemic volume signalled the recent weakness may not be over.
The Dow Jones industrial average climbed 76.02 points, or 0.63 percent, to end at 12,080.38. The Standard & Poor's 500 Index rose 6.86 points, or 0.54 percent, to 1,278.36. The Nasdaq Composite Index gained 13.18 points, or 0.50 percent, to 2,629.66 at the close.
European shares fell on growing unease about the euro zone debt crisis following a delay in the release of aid to Greece and a possible downgrade of Italy's credit rating.
The Dow Jones industrial average climbed 76.02 points, or 0.63 percent, to end at 12,080.38. The Standard & Poor's 500 Index rose 6.86 points, or 0.54 percent, to 1,278.36. The Nasdaq Composite Index gained 13.18 points, or 0.50 percent, to 2,629.66 at the close.
European shares fell on growing unease about the euro zone debt crisis following a delay in the release of aid to Greece and a possible downgrade of Italy's credit rating.
The pan-European FTSEurofirst 300index of top shares provisionally closed 0.5 percent lower at 1,081.51 points, hitting its lowest closing level in three months. finance ministers delayed a final decision on extending emergency loans to Greece.
The Nikkei average ended flat, with investor caution before the Federal Open Market Committee meeting this week offsetting gains in power companies, which rose on a minister's call for the restart of nuclear reactors. The benchmark Nikkei closed virtually flat at 9,354.32, while the broader Topix gained 0.2 percent to 806.83.
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