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Monday, May 07, 2012 4:18:53 PM
Wall Street mostly up on banks; investors shrug off Europe
yawn ..
By Angela Moon
NEW YORK | Mon May 7, 2012 2:51pm EDT
(Reuters) - Stocks mostly rose by late afternoon trade on Monday, with financial shares taking the lead as investors shrugged off Europe's election results that cast doubt on the region's ability to tackle its debt crisis.
Financial stocks, normally highly sensitive to events that could unsettle the euro zone's fiscal stability, were not only the biggest gainers but had the heaviest volume. The S&P 500 financial sector index .GSPF was up 0.8 percent. Bank of America (BAC.N) shares shot up 3 percent to $7.97 and Goldman Sachs GS. rose 1.2 percent to $110.29.
http://www.reuters.com/article/2012/05/07/us-markets-stocks-idUSBRE83T09920120507
yawn ..
By Angela Moon
NEW YORK | Mon May 7, 2012 2:51pm EDT
(Reuters) - Stocks mostly rose by late afternoon trade on Monday, with financial shares taking the lead as investors shrugged off Europe's election results that cast doubt on the region's ability to tackle its debt crisis.
Financial stocks, normally highly sensitive to events that could unsettle the euro zone's fiscal stability, were not only the biggest gainers but had the heaviest volume. The S&P 500 financial sector index .GSPF was up 0.8 percent. Bank of America (BAC.N) shares shot up 3 percent to $7.97 and Goldman Sachs GS. rose 1.2 percent to $110.29.
http://www.reuters.com/article/2012/05/07/us-markets-stocks-idUSBRE83T09920120507
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