Thursday, December 29, 2011

Wall Street rises, helped by economic data

photoNEW YORK (Reuters) - Wall Street stocks resumed their upward move into year-end on Thursday but the S&P 500 continued to churn around its 200-day moving average as concern over Europe offset better-than-expected U.S. economic data. The gains nudged the S&P 500 back into positive territory ahead of the last trading day of the year. Italian bond yields, which helped break a five-day rally with a sharp selloff in the last session, eased Thursday after a debt auction. But the yield on 10-year bonds hovered near 7 percent, a level markets see as a danger zone for Italian government finances. ...


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