Euro zone countries held intensive talks on Wednesday on a possible rescue for debt-laden Greece while civil servants in Athens staged the first big strike against government austerity plans.
The stock market ended slightly down today ahead of tomorrow's all important European Union Economic Summit, when European leaders will meet and discuss the details of a Greece bailout.
Stocks were little changed on Wednesday, recovering from morning losses after a report suggested a European rescue plan for debt-burdened Greece may be presented this week.
European nations finally gave some public indications this week that they may orchestrate some sort of bailout for Greece as investors grow increasingly concerned.
After trading mostly flat in the first 30 minutes of trading, U.S. stocks fell as Fed Chairman Ben Bernanke discussed his exit strategy. However, the stock market is still being cushioned by hopes of a Greece bailout.
Stocks are nearly flat this morning as investors monitor the progress of a possible Greece bailout, digest a slew of economic data, and eye Fed Chairman Ben Bernanke's written testimony at 10:00 am EST and the European Union Economic Summit on Thursday.
Euro zone countries held intensive talks on Wednesday on a possible rescue for Greece, whose debt crisis has shaken the entire currency union, as civil servants staged the first big strike against Athens' austerity plans.
Stock index futures rose on Wednesday, taking a cue from gains in global markets, as the prospects of a rescue plan for heavily indebted Greece strengthened sentiment.
Financial markets gave heavily indebted Greece a breather on Wednesday on growing expectations of a European Union rescue as civil servants staged the first major strike against Athens' crisis-driven austerity measures.
European governments have agreed in principle to help heavily indebted Greece, a senior German coalition source said on Tuesday, in what would be the first rescue of a euro zone member in the currency's 11-year history.
European governments have agreed in principle to help heavily indebted Greece, a senior German coalition source said on Tuesday, in what would be the first rescue of a euro zone member in the currency's 11-year history.
Euro zone countries have decided in principle to help debt-stricken Greece, a senior German ruling coalition source said on Tuesday.
U.S. stocks rose Tuesday on investors' relief that help for Greece may finally arrive.
Stocks advanced on Tuesday, with the Dow on track for its largest daily percentage gain since November, boosted by reports about an aid plan for heavily indebted Greece.
A rally for U.S. stock markets stalled on Monday after a German official rejected reports that the nation's lawmakers had decided to offer aid for Greece.
McDonald's Corp beat expectations with a 2.6 percent increase in January sales at established restaurants, as overseas results overcame a sluggish performance in the United States.
McDonald's Corp posted an expectations-topping 2.6 percent increase in January sales at established restaurants, as overseas results overshadowed a sluggish performance in the United States.
Stocks rose broadly on Tuesday, with the Dow on track for its largest daily percentage advance since July, on reports euro zone countries will come to the aid of debt-stricken Greece.
McDonald's Corp posted an expectations-topping 2.6 percent increase in January sales at established restaurants, as overseas results overshadowed a sluggish performance in the United States.
Asian shares broadly rose on Tuesday, led by Taiwan and South Korea, and the euro staged a small rebound from its recent drubbing, but Japan and Australia fell as investor sentiment remained weak on euro zone fiscal concerns.
Fears about the sovereign debt of peripheral European nations continue as investors are show dissatisfaction with the stance of European G7 members.
International pressure for new sanctions against Iran grew on Monday after Tehran announced more moves to expand nuclear fuel production and enrichment plants, heightening Western fears it wants to make atom bombs.
