Friday, October 21, 2011

S&P turns up on French, German comments (Reuters)

NEW YORK (Reuters) ? The S&P rose on Thursday, erasing earlier losses, as comments by French and German leaders eased market concerns before a key summit this weekend.

The leaders said the euro zone needed a new operating method for the rescue fund, called the European Financial Stability Facility. An agreement will be discussed on Sunday.

The Dow Jones industrial average (.DJI) was up 14.91 points, or 0.13 percent, at 11,519.53. The Standard & Poor's 500 Index (.SPX) was up 2.76 points, or 0.23 percent, at 1,212.64. The Nasdaq Composite Index (.IXIC) was down 7.99 points, or 0.31 percent, at 2,596.05.

(Reporting by Angela Moon, Editing by Kenneth Barry)

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/nm/20111020/bs_nm/us_markets_stocks

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