Stocks
U.S. Stocks Advance to 17-Month High on Economic Confidence, Paced by AIG U.S. stocks rose, pushing the
Standard & Poor’s 500 Index to a 17-month high, as Citigroup
Inc. led a rally among banks and data boosted confidence that
the economic recovery is sustainable.
Direct Edge Gets SEC Approval to Convert Its Two Platforms Into Exchanges Direct Edge Holdings LLC, the
fourth-largest U.S. equity market operator, said it received
Securities and Exchange Commission approval to convert its two
platforms into exchanges.
Dr Pepper, Lennox, MGM, Lowe's, Sirius XM Radio: U.S. Equity Preview Shares of the following companies
may have unusual moves in U.S. trading tomorrow. Stock symbols
are in parentheses, and prices are as of 6:01 p.m. in New York
on March 12.
Bovespa Stock Index Retreats as Rates Concern Overshadows Retailer Advance Brazil’s Bovespa stock index
dropped for a second day, paring its gain for the week, as
financial companies declined on concern the central bank will
raise interest rates at its meeting in five days.
Canada Stocks Rise as Jobs, U.S. Sales Surpass Forecasts; Potash Advances Canadian stocks rose for a third
day, extending a weekly gain, after data on U.S. retail sales
and employment in Canada surpassed estimates and Potash Corp. of
Saskatchewan Inc. increased its first-quarter earnings forecast.
Gloomy U.S. Stock Outlook Fading Away After Year-Long Rally: Chart of Day Bullishness on U.S. stocks is
beginning to emerge after the market’s rally in the past year,
according to a gauge derived from data compiled by the American
Association of Individual Investors.
Supervalu Shares, Options Gain on Speculation Grocery Chain Will Be Bought Supervalu Inc. rose the most in
almost a year and trading of bullish options surged to a record
on speculation that the second-largest U.S. grocery chain will
be acquired.
Dubai Shares Gain Most in 3 Months on Debt Deal Expectations; Shuaa Jumps Dubai’s benchmark stock index
climbed the most in three months, leading gains in Gulf markets,
on bets the government will back Dubai World after an official
said the government is “always behind” the company.
Europe Stocks Gain a Second Week as Greek Concerns Ease; Volkswagen Climbs European stocks rose for a second
week, sending the Stoxx Europe 600 Index to the highest level in
more than seven weeks, as concern eased that Greece will fail to
contain the region’s biggest budget deficit.
Stocks Rise in Germany for Second Week as Commerzbank, Volkswagen Advance German stocks advanced, gaining for
a second week, as bank stocks benefitted from speculation that
the European Union will offer Greece a bailout and Deutsche Post
AG rose.
Spanish Stocks: Banco Santander, Ferrovial, Gowex, SOS Corporacion Move Spain’s IBEX 35 Index rose for the
third time this week, increasing 96, or 0.9 percent, to 11,141.4
as of 12:39 p.m. in Madrid. The measure has gained 1.1 percent
this week.
French Stocks: Areva, Carrefour, Energies Nouvelles, Gemalto Are Active France’s CAC 40 Index rose 7.48, or
0.2 percent, to 3,936.43 at 10:43 a.m. in Paris, extending this
week’s gain to 0.7 percent. The SBF 120 Index gained 0.2 percent
today.
Asia Stocks Rise for Third Week on U.S. Jobs, Recovery Hopes; Nissan Gains Asian stocks rose, driving the MSCI
Asia Pacific Index higher for a third week, as better-than-
estimated U.S. jobs data and easing concern over Greece’s debt
spurred confidence in a global economic recovery.