Stocks up again despite SocGen shock
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Global stocks posted fresh gains on Friday, shrugging off an astounding $7 billion fraud at French bank Societe Generale, while commodities rallied as a U.S. tax stimulus package helped ease recession fears.
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U.S. stocks rose further in late afternoon trade on Friday, sending major indexes up more than 1 percent, as investors bet that the market may be finding its feet after weeks of turmoil, while surprisingly strong data eased concerns about the economy.
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Stock markets rose further Friday on the growing view that fraud-linked billion-dollar losses at Societe Generale may have contributed to panic-selling earlier this week and bounced the US central bank into a radical rate cut.
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European stocks rebounded Tuesday as investors shook off recent heavy losses sparked by renewed concerns over the economic outlook and a persistent credit squeeze, dealers said.
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European stock markets rose on Thursday as investors seized on a flurry of bullish earnings reports, and after Tokyo hit a near seven-year high.
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European shares edge higher in Monday morning trading, as investors shrug off Friday's sharp falls on Wall Street.
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U.S. stocks climbed on Wednesday, driving the Dow to an all-time high for a second day, as data showing a weaker-than-expected services sector reaffirmed views the Federal Reserve will keep interest rates unchanged.
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Stocks jumped on Tuesday, pushing the S&P 500 and Nasdaq composite indexes more than 1 percent higher, as Wall Street joined Asian and European markets in a rebound after the recent global sell-off.
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European equities turned higher on Friday afternoon after US non-farm payrolls data revealed no nasty surprises and turned Wall Street futures positive.
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Stocks rose in early trading as investors, though still uneasy about the economy, bought back into a market battered a day earlier by recession worries.
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Wall Street was sharply higher as investors shrugged off concerns about problems in the bond insurance industry.
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London equities moved sharply higher on Thursday after a rebound on Wall Street overnight.
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European stock markets rebounded on Thursday following an overnight rally on Wall Street.
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The Dow and the S&P 500 extended gains in late trading on Wednesday, taking the Dow up more than 1 percent, as investors bought financial shares and some optimism returned to the market a day after the Fed's emergency interest-rate cut.
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U.S. stocks rallied on Monday, with the S&P 500 index reaching a six-year high and the Nasdaq jumping more than 1 percent as lower oil prices and a wave of takeover deals boosted optimism about the economic outlook and corporate valuations.
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Stocks rose in early trading Monday after a fresh round of buyout news offered evidence that Wall Street's penchant for dealmaking hasn't disappeared.
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Stocks rose on Wednesday, sending the   Dow to fresh 4-month highs, as investors snapped up beaten-down   energy shares such as Exxon Mobil Corp. XOM.N and investors   bet the Federal Reserve may not have to raise interest rates   any time soon.