More from FXstreet.com

US stocks waver as optimism over Spain fades

By FXstreet.com,  June 11, 2012, 10:22:00 AM EDT

FXstreet.com (Córdoba) - US stocks opened higher Monday, following Spain's weekend agreement to seek bailout funds for its banks, although the rally lost steam short after the opening with indexes briefly turning negative as optimism faded.

The Dow Jones industrial average was flat at 12,554. The Standard & Poor's 500 Index dropped 0.16 points, or 0.01%, to 1,325. The Nasdaq Composite Index lost 3 points, or 0.13%, to 2,854.

European markets traded sharply higher, with the Stoxx Europe 600 up 0.5%, after Spain agreed to a bailout of up to €100 billion from the European Union to assist its troubled banks. The Spanish Ibex rose as much as 2% but came off highs as investors continue to ponder the agreement, now trading up 0.6%.

Gold fell 0.4% to $1585 an ounce, while crude-oil futures lost 0.3% to below $84.00 a barrel.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

Obama Pledges Support For Tornado Victims
Obama Pledges Support For Tornado V...
Service Nearly Back To Normal After Train Crash
Service Nearly Back To Normal After...
Genocide Conviction Overturned For Guatemalan Leader
Genocide Conviction Overturned For ...
Jamie Dimon Vote Likely to Trigger Board Shakeup
Jamie Dimon Vote Likely to Trigger ...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.08  0.59%
YGE $ 3.809 0.71  22.87%
CLWR $ 3.42 0.16  4.91%
F $ 14.895 0.16  1.03%
MSFT $ 34.965 0.12  0.33%
S $ 7.375 0.09  1.17%
CSCO $ 23.7143 0.23  0.96%
INTC $ 24.18 0.10  0.42%