September 23, 2011
Stocks edged higher on Friday on talk the European Central Bank might add liquidity to shore up the region’s vulnerable banking system but persisting worries about a global recession kept markets volatile.
Concerns about the sovereign debt crisis in Europe have contributed to recent equity losses, with both the Dow and S&P off more than 6 percent, and the Nasdaq down more than 5 percent this week.
In morning trade, stocks seesawed between gains and losses as investors jumped at buy or sell buttons on any indication from policymakers suggesting additional steps to support Europe’s financial system.
This article was posted: Friday, September 23, 2011 at 11:36 am