Sunday, November 13, 2011

Dow Jones Up 260 Points On Positive Vibes In Europe Debt Deals

Wall Street recap: Dow Jones up 260 points on positive vibes in Europe debt deals
The Dow Jones surged 260 points last Friday to record a 1.4% weekly gain, after a better-than-expected Nov consumer report. Sentiment was also boosted as Italy and Greece moved closer to getting their financial crises under control.

Italy's benchmark stock index leapt 3.7% and its borrowing costs plunged after the country's Senate passed a crucial austerity budget demanded by the European Union. The yield on Italy's benchmark two-year bond dropped 0.43% to 5.69% from as high as 7.13% last week.

Daily DJIA: Likely To Trade Range Bound Within 30-Days SMA And Upper Bollinger Band

Weekly DJIA: Upside Remains Intact Amid Positive Technicals


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