Friday, June 17, 2011

Dow Jones Rebounds 64 Points Amid Better Economic Numbers, 17-06-2011

Wall Street outlook: Dow Jones rebounds 64 points amid better economic numbers
Dow ended 64 pts higher at 11962 in a choppy session, as investors are veering between the debt crisis in Greece and U.S. economic data (i.e. lower weekly jobless claims and rising May housing starts) that offered some respite.

Sentiment also improved after the IMF vowed to continue to support Greece, and anticipating a “positive outcome“ at the next meeting of euro-zone leaders.

After the bell, Research In Motion reported weak 1Q results and slashed its full-year earnings forecast, signaling continued weakness in the company’s line of BlackBerry smartphones.

Daily Dow Jones Shows No Concrete Signs Of Sustainable Rebound


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