Markets Start Strong After Long Weekend
It was a promising start to the week for Wall Street investors. The Dow Jones had one of its best days in recent memory as it closed up 126 points at 12,581. The S&P 500 had similar success rising 15 points while the Nasdaq posted a 33 point gain to finish the day at 2,871 points. Investors seem optimistic about China's economic future, and there is speculation that Greece's upcoming elections will have a positive impact on the country's economy. Unfortunately, today's positive market performance hasn't completely erased the month's net loss. The bleak economic outlook in Spain and Greece certainly hasn't helped either.In other news, Facebook (FB took another beating today as it dropped further into the red. Blackberry (RIMM) also had a rough outing and even publicly hinted at another quarterly operating loss. RIMM's value has dropped nearly 80 percent over the last 12 months.
Word on the Street
- Sprint (S) eyes new equipment"> for its phones.
- Starbucks (SBUX) brews up success by trying to do more than just coffee.
- Bank of America (BAC) settles lawsuit to the tune of $14.5 million.
- Spain devises new strategy to aid its floundering banks. Will it work?
- Are you planning on selling your house? You may want to think again- average price per home hits new low since March.
Published on May 29, 2012By InvestorGuide Staff