Stocks Up on European Debt News Despite Weak Econ Data

By: Associated Press
By: Associated Press

U.S. stocks are rising in early trading after encouraging signs about Europe's debt crisis overshadowed a dismal report about spending by American consumers.

Greece's parliament is debating an austerity package that must pass for that nation to receive a second bailout and avoid defaulting on its debt. European markets rose Monday after French banks agreed to let Greece repay some of its debt more slowly.

Earlier Monday, the U.S. government said that American consumers spent in May at the weakest pace in 20 months, another sign that the economic recovery slowed this spring.

The Dow is up 58 points, or 0.5, percent, at 11,994. The Standard & Poor's 500 index is up 5, or 0.4 percent, at 1,273. The Nasdaq composite index is up 9, or 0.3 percent, at 2,662.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 124591249 - kbtx.com/a?a=124591249