Stocks closed slightly higher today thanks to some positive news from the housing market. Volatility is still in the markets though as investors continue to worry about what is happening in Europe. It looks like hopes of a banking union in the eurozone were dashed today after Merkel came out against it any kind of shared liability for debt.
The Dow closed up 32 points today, the Nasdaq ended up 17 points and the S&P 500 closed 6 points higher. [Read more...]