NEW YORK (AP) — In Tuesday trading, the Dow rose 52 points, or 0.4 percent, to 12,150. Among its top performers was 3M, which was up 1.5 percent after the maker of Post-It notes boosted its 2012 earnings outlook. The S&P 500 index added 1 point to 1,258. The Nasdaq composite average closed down 6, to 2,650. Futures trading suggests a higher open.
BANGKOK (AP) — International stock markets are up today. There’s growing optimism that European leaders will approve aggressive plans by the end of the week to rescue the region from a debt crisis that has roiled financial markets for months. Benchmark crude oil rose above $101 per barrel.
WASHINGTON (AP) — Have American consumers been borrowing more ahead of the holidays? The Federal Reserve today reports on consumer credit for October.
FRANKFURT, Germany (AP) — U.S. Treasury Secretary Timothy Geithner is darting across Europe with a stark message. He says the continent’s leaders must act quickly and convincingly to defuse a debt crisis that is threatening the global economy. His visit this week comes on the eve of a summit of European leaders Friday that could yield a plan for resolving the crisis.
NEW YORK (AP) — If there are no more setbacks for the U.S. economy, fewer borrowers should be behind on their mortgage payments by the end of next year. That’s what credit reporting agency TransUnion is saying. It says the default rate could drop to 5 percent, well below the peak of 6.89 percent seen in the fourth quarter of 2009.