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Traders work on the floor of the New York Stock Exchange

US Stock Futures Surge After EU Summit Announcements

U.S. stock index futures pointed to a higher open Friday as euro zone leaders at a Brussels summit agreed upon emergency measures to lower Italy's and Spain's borrowing costs and create a single regulatory oversight body for euro zone banks.
Traders on the New York Stock Exchange floor

US Stock Futures Decline Ahead Of Crucial EU Summit

U.S. stock index futures declined Thursday morning, pointing to a lower opening on Wall Street ahead of a decisive European Union summit in Brussels, where EU leaders will meet to tackle the euro zone debt crisis head on. The summit will take place June 28-29.
A trader is pictured at his desk in front of the DAX board at the Frankfurt stock exchange

European Markets Rise On Positive U.S. Data

European markets rose Thursday following encouraging data from the U.S., but investors remain watchful ahead of the European Union summit in Brussels on Thursday and Friday, where leaders will discuss tackling the EU debt crisis with concrete measures
Morgan Stanley headquarters building in New York's Time's Square

Morgan Stanley Getting Hit From All Sides

It's not turning out to be a good week for Morgan Stanley (NYSE: MS). Over the past few days, the bank has been embroiled in two international scandals and cut by analysts at Goldman Sachs. That follows a month that saw a major credit downgrade, participation in the fumbled IPO of Facebook Inc. and behind-the-scenes grumbling by the FDIC. The bank has lost more than one-third of its market capitalization since late March.

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