Barrel Mechanism
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More Great Information on Barrel Mechanism:
Stocks: Going for 3 straight up weeks (KSAT)
A third straight week of U.S. stock gains is on the line Friday as investors
turning their focus to developments in Europe.
The Dow Jones industrial average, S&P 500 and Nasdaq futures were down 0.1%
and 0.2%. Stock futures indicate the possible direction of the markets when
they open at 9:30 a.m. ET.
It's been a choppy week on Wall Street. Going into Friday, the Dow is down 2
points, the S&P 500 is up 0.6% and the Nasdaq is 0.9% higher.
Overall, the major indexes are on a roll, up the past two weeks. The Dow and
S&P 500 are around their highest levels since the summer of 2008, while the
Nasdaq is near the highest point since December 2000.
In Europe, efforts continue to bring the continent's debt crisis under
control.
At the end of a two-day meeting in Brussels, 25 of the 27 leaders in the
European Union signed a so-called fiscal compact, designed to prevent a future
crisis by strengthening budget discipline. As expected, the Czech Republic did
not sign due to political obstacles, and U.K. Prime Minster David Cameron also
sat out.
The pact still needs to be approved by the parliaments ...