Stocks cut drop on reported rescue plan for Spain
Posted: Thu May 31, 2012 8:00 pmStocks cut drop on reported rescue plan for Spain
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- U.S. stocks erased most of their losses Thursday after Dow Jones reported initial planning was under way for a rescue loan to Spain should the country fail to come up with the funds needed to bail out lender Bankia. "Contingency plans continue," said Peter Boockvar, equity analyst at Miller Tabak, of the wire service report, which said the discussions were taking place at the International Monetary Fund. The Dow Jones Industrial Average rose 18.89 points to 12,433.75. The S&P 500 was off 1.27 point at 1,312.05. The Nasdaq Composite was off 9.38 points at 2,827.98.
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- U.S. stocks erased most of their losses Thursday after Dow Jones reported initial planning was under way for a rescue loan to Spain should the country fail to come up with the funds needed to bail out lender Bankia. "Contingency plans continue," said Peter Boockvar, equity analyst at Miller Tabak, of the wire service report, which said the discussions were taking place at the International Monetary Fund. The Dow Jones Industrial Average rose 18.89 points to 12,433.75. The S&P 500 was off 1.27 point at 1,312.05. The Nasdaq Composite was off 9.38 points at 2,827.98.