Posts Tagged 'Greece'

Greece, earnings worries send S&P to rare loss

Traders work on the floor of the New York Stock Exchange NEW YORK Investors on Wall Street fretted Tuesday that a deal to keep Greece from triggering a financial crisis might fall apart, and a slew of corporate earnings reports at home didn’t make them feel much better.

The Dow Jones industrial average closed down 33 points at 12,676. It has risen or fallen less than 100 points in 14 straight trading sessions, the longest calm stretch since late March and early April last year.

The Standard & Poor’s 500 ended in the red for only the third time this year, losing a point to close at 1,315. The most the S&P has lost in a day this year is seven points. It is up 4.5 percent for 2012.

The Nasdaq added two points to close at 2,787 after a day of wavering between small gains and losses. The Nasdaq has led major the stock indexes in January with a 7 percent gain.

Technology stocks could be in for a strong day Wednesday.

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Posted on Jan 18, 2012 // by William Cleary No Comments »

Merkel: Germany wants ‘strong Greece’ in eurozone

BERLIN – German Chancellor Angela Merkel pledged on Tuesday to offer Greece “all necessary assistance” in overcoming its debt crisis, but said the Greek government must fully implement all its planned austerity measures.

“Through the euro, we are closely bound together, and the weakness of one affects us all,” Merkel said at a news conference with Greek Prime Minister George Papandreou.

Their meeting was being closely watched by financial markets in the hope they were preparing a comprehensive solution to the European debt crisis, but neither Merkel or Papandreou announced any new measures ahead of their private dinner at Berlin’s chancellery on Tuesday evening.

Germany, Europe’s biggest economy, is seen as a key player in resolving the 17-nation euro zone’s debt crisis, but Merkel’s government has repeatedly been accused over the past 18 months of being a reluctant leader of the rescue efforts. S

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Posted on Sep 28, 2011 // by Keira Lyle No Comments »

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