World markets were higher Monday, buoyed by news over the weekend that Japan was making progress in its battle to control radiation leaks at a nuclear complex that was severely damaged in the country’s worst-ever earthquake.
The Massachusetts Supreme Court has ruled against U.S. Bancorp and Wells Fargo in a case that could have serious implications for the already depressed U.S. housing market.
The early days of 2010 saw orderly trading, but by late January, volatility had resurfaced amid ongoing concerns about the global financial crisis. After rocky trading in early February, anxiety levels eased a bit through March and April, but then fear again swept through global markets and peaked in late May.
Stocks fell sharply Monday afternoon as concerns about the European debt crisis overshadowed a strong weekend of holiday sales.
The euro fell to a two-month low and investors flocked to the safety of the dollar and Treasurys after the European Union agreed Sunday to provide nearly $90 billion in rescue loans for Ireland.
The first strike in a new federal offensive to root out insider trading on Wall Street came Wednesday with the arrest of a consulting firm executive who prosecutors said tipped off a hedge fund manager about corporate earnings before they became public.
follow: