S&P 500 gains on Italian austerity measures

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Source: Marketwatch
© Scanpix/AP
On Monday S&P 500 benchmark index advanced 1.03% or 12.80 points reaching 1,257.08 after Italian PM Monti presented austerity and growth plan. Main supporters for the index were banking shares while health-care firms turned out to be main decliners. Morgan Stanley added 6.77%, Citigroup Inc. rose 5.89%, while J P Morgan Chase & Co jumped 3.65%. Washington Post Company and Newfield Exploration Company pushed down the index as their shares lost 4.46% and 3.44% respectively.

 

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Tue, 06 Dec 2011 12:56:28 GMT

S&P 500 gains on Italian austerity measures

On Monday S&P 500 benchmark index advanced 1.03% or 12.80 points reaching 1,257.08 after Italian PM Monti presented austerity and growth plan. Main supporters for the index were banking shares while health-care firms were among main decliners. Morgan Stanley added 6.77%, Citigroup Inc. rose 5.89%, while J P Morgan Chase & Co jumped 3.65%. Washington Post Company and Newfield Exploration Company pushed down the index as

Tue, 06 Dec 2011 12:02:31 GMT

Merkel and Sarkozy respond to S&P move

French President Sarkozy and German Chancellor Merkel released a joint statement yesterday saying they respect and take into account S&P decision. Nevertheless, both leaders insisted that tighter fiscal alliance and stricter control of national budgets and economic policies will promote financial stability growth across the region. 

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