Will this crisis ever be over?! The nations of the eurozone seem to be fighting endless battles to address fears about government finances. The worry is that unsustainable national debt loads will result in default, a financial panic, or a costly repair effort that puts a squeeze on the economy in Europe and beyond. Here's a backgrounder on the problem, its consequences, and possible ways forward.
Oil futures gain 93 cents a barrel in US to close at $82.14. Brent crude oil futures rise to nearly $104 a barrel.
Stock markets have been swinging wildly of late. Even though corporate earnings have shown strength over the past year and not all economic indicators have been gloomy, investors are on edge. Uncertainty looms on several fronts – from concerns about the basic health of the economy to doubts about fiscal policies in the United States and Europe. Here's a look at the forces weighing on investors' outlook:
The Dow rose 186.45 points to close at 11,433.18. The S&P rose 20.43 points to 1,209.11, and the Nasdaq rose 34.53 points to 2,607.07.
The Dow rose 44.73 points to close at 11,105.85 after a choppy Tuesday session
Government lawsuit claims 17 banks, including Bank of America, Citigroup, and JP Morgan, misrepresented the value of $196 billion worth of mortgage-backed securities when it sold them to Fannie Mae and Freddie Mac.
With the unemployment rate holding flat at 9.1 percent, the new report did little to ease debate over whether the nation could be dipping back into recession.
Insurance companies are likely to end 2011 in the black, despite a string of weather disasters. But insurance companies are expected to raise premiums..
Dow loses 419 points as volatility returns to Wall Street. Besides stocks, oil prices and mortgage rates also fall.
Stock traders see the Dow fall 500 points before paring some of its losses. European stock traders endure biggest one-day decline in almost three years.