Stocks recovered from early loses to close near session highs after EU officials pushed back against recent downgrades of Greek and Portuguese debt. The market was supported by strength in industrial and technology stocks. China's central bank lifted interest rates Wednesday for the fifth time since October. News Corp fell 4% amid speculation that the company could delay its takeover of Sky Broadcasting Group. The implied volatility inched higher as market fears surfaced.
Wednesday, July 6, 2011
Shaked jitters
Stocks recovered from early loses to close near session highs after EU officials pushed back against recent downgrades of Greek and Portuguese debt. The market was supported by strength in industrial and technology stocks. China's central bank lifted interest rates Wednesday for the fifth time since October. News Corp fell 4% amid speculation that the company could delay its takeover of Sky Broadcasting Group. The implied volatility inched higher as market fears surfaced.
