Arab Today, arab today us stocks end higher on european optimism
Last Updated : GMT 06:51:35
Arab Today, arab today
Arab Today, arab today

U.S. stocks end higher on European optimism

Arab Today, arab today

Arab Today, arab today U.S. stocks end higher on European optimism

New York - Xinhua

U.S. stocks extended gains on Monday as investors cheered the Franco-German plan to rewrite the EU constitution for more central control of euro zone budgets. The Dow Jones industrial average surged as much as 167 points before settling at 12,097.83, gaining 78.41 points, or 0.65 percent. The Standard & Poor\'s 500 rose 12.80 points, or 1.03 percent, to 1,257.08. The Nasdaq Composite Index jumped 28.83 points, or 1.10 percent, to 2,655.76. On Monday, French President Nicolas Sarkozy and German Chancellor Angela Merkel met in Paris, trying to reach common ground on measures to boost coercive budget discipline in the region. Investors were expecting the two leaders of the most important countries in the euro zone can iron out differences and come up with more radical solutions before a crucial European Union summit on Friday to the deteriorating debt crisis in the region. At a joint press conference after the meeting, Merkel and Sarkozy said that the EU\'s two biggest economies were aligned on backing automatic penalties for deficit violators and locking limits on debt into euro members\' constitutions. However, the stocks rally faded in afternoon session after a Financial Times report said the Standard and Poor\'s would put six top-rated euro zone countries on negative credit watch, meaning there is a 50 percent chance of credit downgrades within the next 90 days. Investors shrugged off a lackluster economic report, which showed the U.S. service sector, which employs 90 percent of the country\'s workforce, expanded at slower pace in November. The Institute for Supply Management said that its index of service sector activity dropped to 52 from 52.9 in October, as employment fell sharply. Meanwhile, factory orders for the world\'s largest economy fell again in October, according to the U.S. Commerce Department. After the stock market closed, Standard and Poor\'s put 15 eurozone nations, including the area\'s six AAA rated countries, on \"CreditWatch negative\" due to deepening economic and political turmoil in the region. In its latest statement, S&P said \"the CreditWatch placements are prompted by our belief that systemic stresses in the eurozone have risen in recent weeks to the extent that they now put downward pressure on the credit standing of the eurozone as a whole.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks end higher on european optimism Arab Today, arab today us stocks end higher on european optimism

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks end higher on european optimism Arab Today, arab today us stocks end higher on european optimism

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday