The past few days stocks have been falling due to the uncertainty surrounding the debt deal. Wednesday they finally rose above the red to close at a decent level.
Stocks settled Wednesday with just a slight gain, but it earned Wall Street a cheer along the lines of “nice save.”
Without an afternoon rally, the Dow Jones industrial average would have ended with its ninth straight losing session, an indignity it hasn’t felt since the Jimmy Carter presidency.
The Dow finished up 29.82 points, just 0.25 percent, to close at 11,896.44. It had been down as much as 166 points in the morning trade.
Investors are lurching from worry to worry. With the Washington debt negotiations fading from daily headlines, attention shifted to the problems of European banks and to economic data showing weakness in the United States.
Analysts said they expect continued volatility that’s most often apparent in quick 150-point movements either way in the Dow. An index at the Chicago Board Options Exchange that tracks Dow volatility has risen 37 percent since mid-July.
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US stock futures rise after Tuesday’s rush to sell




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