U.S. stocks bounce back after second-worst dropJune 22, 2012 - 21:22 AMT PanARMENIAN.Net - The stock market bounced back Friday, June 22, a day after suffering its second-worst loss this year. The Dow climbed 57 points to 12,631 a half hour after noon Eastern. That’s a rise of 0.5 percent. Moody’s had been warning that it would make the move since early this year. Analysts said the step by Moody’s removes one piece of uncertainty that had been weighing on banks. Morgan Stanley rose 1 percent, gaining 14 cents to $14.11. JPMorgan Chase jumped 2 percent, adding 72 cents to $36.24. Bank of America edged up 2 cents to $7.84. The Standard & Poor’s 500 index rose 6 points to 1,331 and the Nasdaq composite index climbed 16 points to 2,874. The early gains turned the Nasdaq positive for the week, The Associated Press reported. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |