Positive signals in Europe to make Wall Street rebound

 

NEW YORK . The positive news coming from Europe spurred U.S. stock market is more vibrant , yesterday . Not surprisingly , the two major exchanges Wall Street managed to turn around and close the transaction in the green territory .

The broader Standard & Poor's 500 rose 0.1 % to as low as 1320.68 at 4 pm in New York . In fact , the U.S. stock benchmark index had fallen 0.6 % in early trading. Then , the Dow Jones Industrial Average rose 0.3 % to 12529.75 position . However , the index of technology stocks , the Nasdaq is still slipped 0.4% to a level of 2839.38 .

The market looks more optimistic , after Italian Prime Minister Mario Monti said , Greece is likely to remain in the euro , and the majority leaders in the region to support the issuance of bonds together . " Europe could soon issue a collective bond . Italy will help drive the Germans to support the idea, " he said yesterday.

Well , a positive signal from the European Union was able to offset the concerns raised previously about China's economic slowdown . Three government officials said the country's largest bank may cut its lending for the first time in seven years, amid an economic slowdown .

And veru , chief investment officer of Palisade Capital Management LLC rate, the market is down , but not necessarily happen because growth is slowing significantly . But because of the potential chaos in the euro . " Greece will not be out of the euro . There is no mechanism to do that , " he said .