Wall Street: Stocks and gold rise
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Gold: Trading now at $1,644 an ounce, up 0.2% from Wednesday. Dow Jones industrial average: Trading now at 10994.40, up 1.5% from Wednesday.
Looking to Europe. Stocks have pitched up and down Thursday morning as investors try to interpret signs out of Europe.
CEO love. Wall Street protesters got support from an unexpected source when BlackRock Chief Executive Larry Fink told an audience that ‘these are not lazy people sitting around looking for something to do. We have people losing hope.’
Turning point? Could Tuesday afternoon’s turnaround mark a key reversal for stock markets?
Internal dissent. While Wall Street is seen as united in its opposition to financial reform legislation, the disagreements between financial companies on the legislation often get lost.
-- Nathaniel Popper