 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.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
