Stocks bounce today despite downgrades to major banks. Moody’s Investor service downgraded 15 of the world’s largest banks on Thursday. These downgrades have been expected for months after Moody’s placed the banks on its watch list with a negative outlook. Sign Up For Free Stock Alerts
There was some positive news out of Europe today as the ECB relaxed some its lending rules, specifically what it would accept as collateral.
A quick look at the market this morning shows the Dow up 40 points, the Nasdaq up 9 points and the S&P 500 up 3 points. [Read more...]