Stocks erased most of their early declines to close narrowly mixed Wednesday, with the S&P 500 finishing slightly below its closing high, but ongoing economic and political concerns over Europe kept a lid on gains.
Stocks ended near their best levels Tuesday, with the Dow posting a new high and S&P 500 finishing less than 2 points from its closing peak, lifted by a handful of encouraging economic reports that pointed to an improving economy and as investors seemed to temporarily overlook worries in the euro zone.
Stocks bounced off their worst levels but still ended in negative territory Monday, as initial euphoria over Cyprus fizzled and even after Eurogroup head's Jeroen Dijsselbloem backtracked on his previous comments that the island nation's bailout is a template for bank rescues.
Stocks closed higher Friday, rebounding from their biggest drop in nearly a month, as worries over Cyprus diminished and following a batch of upbeat earnings reports.
*Euro pinned near 4- mth lows vs USD on Cyprus uncertainty. TOKYO/ SYDNEY, March 22- The yen steadied on Friday after investors scrambled to cover bearish positions in the previous session after the new Bank of Japan governor played down the chance of an emergency meeting, while glum economic news and Cyprus debt crisis kept the euro under pressure.
*Euro stays pinned near 4- mth lows vs USD on Cyprus uncertainty. SYDNEY, March 22- The yen held firm on Friday as investors scrambled to cover bearish positions after the new Bank of Japan governor played down the chances of an emergency meeting, while dour economic news and Cyprus debt crisis kept the euro pressured.
Stocks finished in negative territory Thursday, dragged by techs, amid ongoing concerns over Cyprus' ability to get a bailout.
Stocks finished higher Wednesday, wiping out most of the past week's losses, after the Federal Reserve reaffirmed its policies on bond purchases and record-low interest rates and as investors shrugged off concerns over Cyprus.
Stocks cut their losses in the final hour of trading to close narrowly mixed Tuesday, after lawmakers in Cyprus overwhelmingly voted against the controversial bank bailout deal.
Stocks closed in the red Monday, with the S&P 500 moving further away from its all-time high, amid worries over the bailout news in Cyprus and over fears the euro zone's bigger troubled economies such as Spain and Italy may follow suit.
Stocks finished in negative territory Friday, with the Dow snapping a 10-day win streak and the S&P 500 ending shy of its record closing level, following a disappointing consumer sentiment report and as investors started to question whether the recent rally has run out of steam.
Stocks closed near session highs Thursday, with the Dow logging its first 10th-straight winning streak since 1996 and the S&P 500 within a hair's breadth of its all-time closing high, lifted by a better-than-expected jobless claims report.
Stocks eked out a small gain in tight trading Wednesday, with the Dow logging its first ninth-consecutive winning streak since November 1996 and the S&P 500 within striking distance of its all-time closing high.
*Sterling hit by woeful UK manufacturing data. SYDNEY/ TOKYO, March 13- The yen bounced back from a 3-1/ 2- year low versus the dollar on Wednesday as bears took profits after its hefty fall even though the currency still looks vulnerable to expectations of radical policy easing from the Bank of Japan.
The Dow eked out a gain for the eighth-consecutive session to post another closing high at 14,450.06 Tuesday. Meanwhile, the S&P 500 snapped a seven-day winning streak, dragged by financials and techs, logging its first drop in the month of March.
Stocks finished near session highs Monday, with the Dow posting another record closing high and the S&P 500 within 1 percent of its 2007 peak, as investors shrugged off earlier worries over disappointing economic data from China and weakness in Europe.
Stocks finished higher across the board Friday with the Dow setting a new record high and all three major averages up more than 2 percent for the week, boosted by a stronger-than-expected monthly government payrolls number.
Stocks finished higher Thursday, with the Dow posting fresh all-time highs for the third-straight day, following an upbeat weekly jobless claims report and ahead of the widely-watched monthly government jobs data.
Stocks ended higher Wednesday, with the Dow extending its gains to post a record high for the second-straight day, amid signs of improvement in the labor market.
The Dow Jones Industrial Average pierced through levels last seen in 2007 to close at a record high of above 14,200 on Tuesday, boosted by an upbeat ISM non-manufacturing index and amid ongoing monetary support from the Federal Reserve.