US stocks buck turmoil weighing on global markets
Source: AP-Excite
By BERNARD CONDON
NEW YORK (AP) — A burst of buying Friday in U.S. stocks defied slumps in other markets and offered hope for investors shaken by geopolitical turmoil. Major U.S. stock indexes closed up around 1 percent, buoyed by signs that tensions in Ukraine might be easing.
The rally on Wall Street contrasted with price declines in European and Asian stock markets. Fear has been creeping into stock and bond markets around the world in recent weeks against a backdrop of escalating global conflicts.
News Friday of U.S. fighter jets dropping bombs in Iraq and the end of a three-day cease-fire in Gaza weighed further on European markets. Asian markets also had a bad week, including a 5 percent drop in Japan's benchmark stock index.
As anxieties have risen in recent days, money has been flowing from around the world into U.S. Treasurys, the perennial safe haven for spooked investors.
FULL story at link.
FILE - This Aug. 9, 2011 photo shows a Wall Street street sign near the New York Stock Exchange, in New York. U.S. stocks are opening slightly higher Friday, Aug. 8, 2014 as investors weigh gains in productivity against worsening geopolitical concerns. (AP Photo/Mark Lennihan, File)
Read more: http://apnews.excite.com/article/20140808/financial_markets-5317dbf035.html
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- Wall Street loves war. In war there's confusion and in the confusion there are suckers to be had......
K&R