Stock Hold Gains, Erasing Early Losses

By: Associated Press
By: Associated Press

New York, NY (AP) - Stocks are ending higher as Greece appeared close to announcing a deal with creditors to reduce its debt.

The Dow Jones industrial average ended at its highest level since May 2008 Tuesday.

The Dow rose 33 points to close at 12,878. It hasn't closed higher since May 2008, before the financial crisis. It had been down as many as 62 points in the first half-hour of trading.

The Standard & Poor's 500 gained 3 points to 1,347. The Nasdaq composite rose 2 points to 2,904.

Indexes rose on a report that Greek leaders will soon tell European finance ministers they've formed a deal to reduce the country's massive debt. Stocks also rose on news that U.S. job openings soared to the highest level in nearly three years in December.


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  • by Gerry Location: Tallahassee on Feb 9, 2012 at 05:08 AM
    I really don't have an idea as to what I have said lately.
    • reply
      by Gerry on Feb 9, 2012 at 09:41 AM in reply to Gerry
      But, at least you have credibility because you're Gerry.
  • by Gerry Location: Tallahassee on Feb 8, 2012 at 04:56 PM
    As of 19:45 ET, Feb 8, the US borrows for 10 years at 2.01%. Total US national debt on 2/7/12 = $15.344 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = $5.728 trillion. Increase in total national debt during Obama's administration = $4.717 trillion. During George W. Bush's administration = $4.899 trillion. Source for debt info = treasurydirect.gov.
  • by Gerry Location: Tallahassee on Feb 8, 2012 at 02:59 PM
    At February 8 close: DJIA: 12,883.95, 5.750; SP500: 1349.96, 2.91; NASDAQ: 2,915.86, 11.78.
  • by Gerry Location: Tallahassee on Feb 8, 2012 at 06:21 AM
    The Treasury today is having an auction of 10 year notes. Tomorrow, the Treasury is auctioning 30 year bonds. On Monday of next week, the Treasury will auction 13 week bills and 26 week bills. On Tuesday of next week, the Treasury will auction 4 week bills.
    • reply
      by Anonymous on Feb 8, 2012 at 08:15 AM in reply to Gerry
      and the Federal Reserve will be buying them
      • reply
        by Gerry on Feb 8, 2012 at 02:09 PM in reply to
        You don't know what you're talking about. This is the primary market. The Treasury itself is selling. The Federal Reserve is not currently buying Treasury debt, and when it does, it buys in the secondary market, i.e., it buys from someone who has alreadyy purchased from the Treasury. In effect, the Fed buys used debt, not new debt.
      • reply
        by Gerry on Feb 8, 2012 at 03:36 PM in reply to
        You don't know what you're talking about. The Treasury is selling debt. That's the primary market. The Fed isn't buying debt, hasn't in 6 months, and doesn't buy in the primary market when it does buy. The Fed buys in the secondary market, i.e., it buys from people and institutions which have already bought from the Treasury. The Fed, in effect, buys used debt, when it buys.
  • by Gerry on Feb 7, 2012 at 02:40 PM
    Today the dollar sank to a two month low against the Euro!!!!! Isn't that the bankrupt currency?
    • reply
      by Gerry on Feb 7, 2012 at 05:51 PM in reply to Gerry
      Is that you Jack? Posting as Gerry? What does it mean if it did, Jack? It's well above its 52 week low, and what does that mean?
      • reply
        by Anonymous on Feb 8, 2012 at 03:48 AM in reply to Gerry
        Good question grasshopper for a keynesian..... faith is your answer
  • by Gerry Location: Tallahassee on Feb 7, 2012 at 02:36 PM
    As of today, the US borrows for 10 years at 1.97%. Total US national debt on 2/6/12 = $15.338 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = $5.728 trillion. Increase in total national debt during Obama's administration = $4.711 trillion. During George W. Bush's administration = $4.899 trillion. Source for debt info = treasurydirect.gov.
    • reply
      by Anonymous on Feb 7, 2012 at 03:57 PM in reply to Gerry
      So Bush spent us into debt and he was an idiot so what does that make Obama?
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