 U.S. stocks bounce back after second-worst drop June 22, 2012 - 21:22 AMT PanARMENIAN.Net - The stock market bounced back Friday, June 22, a day after suffering its second-worst loss this year. The Dow climbed 57 points to 12,631 a half hour after noon Eastern. That’s a rise of 0.5 percent. Moody’s had been warning that it would make the move since early this year. Analysts said the step by Moody’s removes one piece of uncertainty that had been weighing on banks. Morgan Stanley rose 1 percent, gaining 14 cents to $14.11. JPMorgan Chase jumped 2 percent, adding 72 cents to $36.24. Bank of America edged up 2 cents to $7.84. The Standard & Poor’s 500 index rose 6 points to 1,331 and the Nasdaq composite index climbed 16 points to 2,874. The early gains turned the Nasdaq positive for the week, The Associated Press reported. Partner news  Top stories Zvartnots airport will host a press conference on May 24 on the operation of Tel Aviv-Yerevan- Tel Aviv flights. “The increase for energy tariffs is prompted by a price hike for gas used in production,” Garegin Baghramyan said. Earlier, ArmRosgazprom CJSC addressed Armenia’s Public Services Regulatory Commission with an offer to reconsider natural gas prices. Finance Minister linked the step with the collection of air taxes. He further noted that lawsuits were filed by other lenders, too.   Partner news |  Latest news Russian, U.S. President to meet in June, September: Kremlin  Putin’s reply covers all fields of bilateral relations, including cooperation between security and law enforcement agencies."The Godfather" director Coppola to work on another Italian American saga The screenplay is described as "a coming-of-age story that focuses on a boy and girl in their late teens."30 Seconds to Mars debuts "Birth" lyric video (video) Featuring some footage from the band's newly-released music video "Up in the Air", the video opens with the sounds of brass and violin.EuFoA calls for common Armenia-EU efforts to avoid gas waste “Most housing relies on old style heating systems and lacks basic insulation, wasting up to 50% of the energy,” EuFoA said. |
