Market Currents

Market recap: Stocks snapped back sharply from lows after France's Hollande and Italy's Monti...

Wednesday, May 23, 2012, 4:10 PM ET
Market recap: Stocks snapped back sharply from lows after France's Hollande and Italy's Monti voiced support for euro bonds and the Fed's Kocherlakota said a fall off the fiscal cliff would argue for new QE. But the move could just as easily be explained by short covering after a period of weakness. Crude oil ended below $90 for the first time since October. NYSE gainers beat losers seven to six.

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This news story has 3 comments:

wapiti Comments (469)

No, the reason is the FED and the PPT are in buying at or just above all the 200 DMA on the indexes. Thanks to Barry (O) and Ben we keep propping up a weak market and kicking the can down the road until after the election. Either way barry wins! MArkets tank after he losed or wins.

23 May 2012, 04:18 PM Reply Like

That_Guy Comments (74)

no news...bad news.... last minute rally.....rigged.

23 May 2012, 04:24 PM Reply Like

torahislife Comments (400)

Fake since 2008... What's next - Benrnake showing up with a rug on his head?

23 May 2012, 06:45 PM Reply Like

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