Wall Street adds to rally on Europe
NEW YORK (Reuters) – Stocks hit a three-month high on Monday as traders bet last week’s plans from the European Central Bank to lower borrowing costs in Spain and Italy would work, adding to the bullish bias following last week’s strong U. S. jobs report. The S&P 500 faces an important technical hurdle as it trades at its highest since early May and near the 1,400 level. The euro was flat after recent steep gains against the U. S. dollar as caution remained about how effective the action pledged by the ECB would be. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply