Stocks enjoyed a strong showing in the latest session, propelling the S&P 500 to the highest since June 2008. The Dow was up 115 points to 12,595. The S&P was up 12 points, while the Nasdaq surged nearly 22 points.
- World stocks were held in check today despite a resilient showing on Wall Street. The Nikkei rose 1.4 percent, Hong Kong's Hang Seng slipped 0.5 percent, the Shanghai Composite Index fell 0.5 percent. In early trading, Britain's FTSE 100 dipped 0.4 percent, Germany's DAX rose 0.2 percent and France's CAC-40 was down 0.1. Wall Street is readying to open higher, with Dow Jones industrial futures up 16 points and S&P 500 futures rising 1 point.
- Oil prices dropped slightly to below $112 a barrel today in Asia. Benchmark crude for June delivery was down 35 cents at $111.86 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract lost 7 cents to settle at $112.21 on Tuesday.
- Markets are waiting for comments from Fed Chairman Ben Bernanke today following a two-day meeting. investors will be looking mainly for clues about when the Fed will reverse course and begin boosting interest rates.
- Industry experts say the hacker attack on PlayStation's network could cost Sony billions of dollars. Sony shut down the network last Wednesday after it said names, birthdates, email addresses and log-in information was compromised for some of its 77 million PlayStation accounts worldwide.
© 2011 Associated Press. All rights reserved. Material may not be redistributed.