Stocks Open Higher; Traders Hope For ECB Action

By: AP
By: AP
To join the conversation on this story and others, "like" our KKTV 11 News Facebook page!

Stocks are opening higher on Wall Street as investors hope for action from the European Central Bank to keep the euro together.

The Dow Jones industrial average is up 55 points to 12,943 shortly after the opening bell Friday. Merck was the biggest gainer in the Dow after reporting earnings that were stronger than analysts were expecting.

Markets were rising for a second day following a pledge from the European Central Bank president to do whatever it takes to preserve the region's monetary union.

Investors shrugged off the latest troubling sign about the U.S. economy, that growth slowed in the second quarter.

The Standard & Poor's 500 is up seven to 1,367. The Nasdaq composite index is up 15 to 2,908.

Starbucks and Facebook fell after reporting weak results.

KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 164006016 -
Gray Television, Inc.