Stocks rise in afternoon trading on mixed signals from Europe
New York, NY, United States
September 14, 2011 02:35 pm EDT
Economy, Business And Finance, Finance, Economy, Business And Finance, Market And Exchange, Securities, Economy, Business And Finance, Metal And Mineral, Gold And Precious Material
Stocks bounced in and out of positive and negative territory on Wednesday as traders and investors carefully watched for any signs out of Europe regarding how the region plans to deal with the area's mounting debt problems and the falling euro as leaders from Germany, France and Greece assembled for a conference call.
Shortly after 2 p.m. stocks showed some active signs of life and jumped around 160 points. The markets were weak earlier in the trading session after the Commerce Department and Labor Department showed both wholesale prices and retail sales were flat in August.
The VIX, or the so-called fear gauge, fell 4.2 percent mid-afternoon Wednesday after spiking earlier in the day. Gold prices edged down as concerns eased about European debt woes and a stronger dollar. Gold was last trading off $13.18 at $1,820 an ounce.
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