Stocks Head Higher On Draghi Comments, Stocks to Watch: CLRX, VRNG, ARQL, NIHD, CUR, JRCC

The major stock averages are up in midday trading thanks to encouraging comments from ECB President Mario Draghi. Draghi said today that the announcement of the ECB’s bond buying program has helped ease market tensions. He also said the central bank stands ready to buy bonds of any euro zone country that asks for it. This bodes well for the widely expected Spanish bailout that could come as early as this weekend.

Investors will be watching tomorrow very closely as new unemployment numbers are released. At midday, the Dow is up 67 points, the Nasdaq is up 2 points and the S&P 500 is up 7 points. [Read more...]

Stocks Heading Higher This Morning: BPAX, DARA, CPRX, DNN, VELT, CUR

Wall StreetThe overall market is struggling to gain ground again today following increasing uncertainty in the euro zone, specifically Spain. A worse than expected outlook from FedEx also held stocks down in early trading. One bit of good news came from the housing industry today as homebuilder sentiment increased to its highest levels in more than 6 years.

Stocks in Europe are trading lower on concerns Spain will not look for assistance from the ECB.

The major stock indexes are mixed in late morning trading with the Dow up 20 points, the Nasdaq down 1.5 points and the S&P 500 down 1 point. [Read more...]

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