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The stock market bounced around Thursday as traders reacted to news from Europe and looked ahead to the government's monthly employment report.
Stocks fell Tuesday on Wall Street as investors fretted about the latest chapter in Europe's debt saga.
Stocks slumped Thursday on Wall Street, and the rally that has pushed indexes close to record levels stalled.
The Standard and Poor's 500 closed at another five-year high Thursday after the stock market got a boost from reports suggesting the outlook for economic growth may be improving.
The worst of Europe's financial crisis appears to be over.
Financial markets remained volatile Thursday, a day after concerns over the U.S. fiscal situation combined with renewed worries over the European economy to hammer stocks.
Stocks slid on Wall Street Thursday, a day after the Dow Jones industrial average logged its biggest one-day drop of the year, as investors fretted about the potential for gridlock in Washington.
European Central Bank President Mario Draghi warned Thursday that the economy of the 17 countries that use the euro currency remains weak and will struggle to grow, even with "visibly improved" confidence among the currency union's financial markets.
Europe's economy is still reeling and unemployment could remain high for years despite the progress made in solving the debt crisis, the European Union warned Wednesday, as it downgraded next year's forecasts for the 27-country bloc.
The election behind them, U.S. investors dumped stocks Wednesday and turned their focus to a world of problems — economically harmful tax increases and spending cuts at home and a deepening recession in Europe.
A quiet day on Wall Street turned into the worst sell-off in three months after a Federal Reserve official said he doubted the bank's effort to boost economic growth would work.
Greece may get more time to cut its budget, its creditors indicated Friday in another sign of increasing flexibility and optimism across the 17 countries that use the euro, while Spain appeared to be inching closer to making a formal request for financial assistance.
European Central Bank President Mario Draghi on Thursday unveiled a long-awaited program to buy up bonds and help bring down the borrowing costs of Europe's struggling governments.
Wall Street surged Thursday to multiyear highs after the European Central Bank provided more information about an unlimited bond-buying program that could save troubled countries from leaving the eurozone, possibly preventing another global recession from reaching the U.S.
Stocks slipped Monday in one of the quietest trading sessions of the year. Worries about European debt crept up again, and Apple became the most valuable company of all time.
In Europe, government bond yields rose and stock indexes fell after Mr. Draghi said the central bank wouldn't take more action to prop up the region's economy.
