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    Wall Street Recap: Friday, June 8th

    Sat, 06/09/2012 - 03:35 EDT - Seeking Alpha
    • ANR
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    • Robert Broens
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    By Robert Broens: The equity markets continued their upward momentum into the weekend. The S&P 500 closed Friday 0.81% higher at 1,325.66 points. The Dow Jones Industrial Average managed to gain 0.75%, while the Nasdaq gained 0.97%.
    Europe
    The markets in Europe ended on a mixed note. The Spanish IBEX 35 index rallied another 1.8% on Friday in anticipation of a resolution to be reached this weekend on Spain's troubled banks. The gains came despite the fact that rating agency Fitch lowered its rating for the country by three notches to BBB. The rating is just two notches above junk level, as Fitch expects the country to remain in a recession in 2013.The German DAX index fell 0.2%, as exports in April fell 1.7% compared to the month before, coming in much worse than the anticipated drop of 0.7%. The EuroStoxx 50 managed to squeeze out a minimal gain of 0.04% aheadComplete Story »

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      By Robert Broens: The major averages ended with large gains on Friday as investors were speculating on a favorable outcome of the Greece elections on Sunday. The S&P 500 managed to close 1.03% higher. The Dow Jones Industrial Average gained 0.91% while the Nasdaq ended 1.29% higher. Europe

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    • Wall Street Recap: Monday, June 11th

      By Robert Broens: The equity markets closed amid big losses on Monday. The S&P 500 closed the day 1.26% lower at 1,308.93 points. The Dow Jones Industrial Average lost 1.14%, while the Nasdaq lost 1.70%. The markets saw a substantial reversal, with the opening gains erased on market participants' doubts on the Spanish bailout and the future of the eurozone. Europe

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      By Robert Broens: The major averages ended on a mixed note on Monday. Investors had been looking forward to the results of the Greek elections and a volatile trading day, but the major averages stayed within a relatively tight trading range. The S&P 500 ended the day 0.14% higher. The Dow Jones Industrial Average lost 0.20%, while the Nasdaq ended 0.78% higher. Europe

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      By Robert Broens: After yesterday's big rally major markets ended roughly flat on Thursday. The S&P 500 closed the day unchanged trading 0.01% lower at 1,314.99 points. The Dow Jones Industrial Average managed to gain 0.37% while the Nasdaq lost 0.48%. Europe

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