NEW YORK (AP) — Wall Street will continue its light Christmas week trading amid the latest signs of Europe’s economic woes, in the banking industry. Reluctance of European banks to give each other short-term loans helped push the Dow down almost 140 points yesterday, or 1.1 percent, to 12,151. Both the S&P 500 and the Nasdaq slid 1.3 percent. Futures trading suggests a higher opening today.
BANGKOK (AP) — International stock markets are mixed today. Asian markets were mostly lower as traders shied away from riskier assets as the year drew to a close, but hopes for a successful bond issue in Italy boosted shares in early trading in Europe. Benchmark crude oil lingered above $99 per barrel.
WASHINGTON (AP) — A number of economic reports are out today, including weekly unemployment claims from the Labor Department, and weekly mortgage rates from Freddie Mac. The National Association of Realtors releases its pending home sales index.
Copyright 2011 The Associated Press.