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U.S. stocks rise as banks rally after Moody’s downgrades
U.S. stocks rose, after yesterday’s selloff, as the downgrade of global banks by Moody’s Investors Service was followed by rallies in financial shares while the European Central Bank announced changes to its lending program. more
Oil falls in New York on European debt concern after Greek poll
Oil dropped in New York as rising Spanish borrowing costs pushed the dollar higher, adding to concern that Europe’s debt crisis will curb crude demand. more
U.S. stocks advance amid speculation of more economic stimulus
U.S. stocks advanced, rebounding from yesterday’s decline, amid speculation the Federal Reserve will take steps to stimulate the economy and after the European Central Bank endorsed a plan to guarantee bank deposits. more
U.S. stocks retreat as optimism over spain’s aid request fades
U.S. stock futures advanced, following the biggest weekly rally for the Standard & Poor’s 500 Index this year, as investors speculated that the bailout of Spain’s banks will help ease the euro area’s debt crisis. more
CEOs lose their optimism as job slowdown imperils U.S. growth
CEOs from General Motors Co. to Hewlett-Packard Co. are turning more pessimistic about a second-half recovery as rising unemployment and Europe’s debt turmoil threaten domestic growth prospects. more
Leading economic indicators continue to rise in April
An index of Rhode Island’s leading economic indicators, produced by e-forecasting.com and Providence Business News, rose 1 percent in April. more
Stocks rise on signs of Spanish bank rescue
U.S. Stocks rose on Wednesday amid signs of a potential rescue of Spain’s troubled banks by the European Union, according to Reuters. more
| 6/6/12
U.S. stocks little changed after disappointing economic data
U.S. stocks were little changed, with the Standard & Poor’s 500 Index poised for the biggest monthly drop since September, as data showed jobless claims increased and the economy grew more slowly than previously estimated. more
R.I. exports up in 1Q but fall in March from February
Exports from Rhode Island plunged 19.9 percent to $212.6 million in March after reaching a record high of $265.5 million in February, according to an international trade statistics from e-forecasting.com. more
Demand for U.S. business equipment drops in April
Companies placed fewer orders for computers, machinery and other capital equipment in April for a second month, indicating manufacturing in the U.S. is cooling. more
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