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Are stock prices too high, too low, or right where they should be?In the sometimes quarrelsome confines of Wall Street, there's no consensus.
Wall Street ended a volatile and unusual week on a bullish note Friday, with the Dow Jones industrials gaining more than 146 points, or 1.4 percent, on the strength of a positive job creation report and a sharp drop in oil prices.
Surprisingly calm investors pushed stocks modestly higher Thursday, helping Wall Street recover from steep early losses after the London terror attacks that killed at least 40 people and injured more than 700.
Allianz AG said it was facing a euro1 million to euro9 million (US$1.2 million to US$10.7 million) exposure from the bus and subway explosions in London on Thursday because of its participation in a terrorist-risk coverage plan led by the British government.
Near simultaneous explosions rocked the London subway and a double-decker bus at the morning rush hour Thursday, police said, causing at least two deaths, injuring scores of riders and sending bloodied victims fleeing from debris-strewn blast sites.p>hr noshade size=-1 width=50%>/p>
US stocks tumbled Wednesday as oil prices climbed to a new record on fears of refining shortages and caused investors to look past a report showing strong growth in the service sector of the economy. The Dow Jones industrials dropped more than 101 points, or nearly 1 percent.
Japanese stocks fell Thursday as oil prices surged to new highs in Asian trading, sparking renewed concerns about the vulnerability of resource-poor Japan.