Tuesday, June 15, 2010

U.S. stocks climb in concert with euro

Date: Tue, 15 Jun 2010 12:00:50 -0400

U.S.STOCKS CLIMB IN CONCERT WITH EURO
U.S. stocks rose Tuesday morning as investors were encouraged by U.S.
import-price data showing tame inflation and improving business
conditions in the New York area.

FINANCIALS HIGHER AS CBOE PRICES IPO
The financial sector trades moderately higher, a reversal after losses
Monday when a Moody's downgrade of Greece's debt rating rattled
traders. The IPO of CBOE Holdings stands out.

ENERGY STOCKS MOVE UP WITH BROAD MARKET
Energy stocks rise in morning activity, as Big Oil executives appear
in Washington to make their plea for the Obama administration to
reinstate deep water drilling in the Gulf of Mexico and elsewhere.

DOW, S&P HESITATE AT THE 200-DAY MVG AVG
After breaking down last month, the Standard & Poor's 500 Index and
the Dow Jones Industrial Average remain capped by major resistance.
The specific levels rest at each benchmark's 200-day moving average,
areas that mark the bull/bear technical battleground.

DEMOCRATS POUND OIL COMPANIES OVER SAFETY PLANS
Offshore oil and gas drilling must resume, industry executives tell a
House subcommittee, a month after President Barack Obama ordered a
pause on new drilling in response to the disastrous BP oil spill in
the Gulf of Mexico.

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