Deal to Supress European Debt Crisis Looming – Market Update

The European financial crisis advances, but leaders overseas have implied they are near a debt-containing plan. It is speculated that more time is required to squander the debt that continues to degrade market optimism. The groundwork has been set for a scheduled meeting on October 23, which is designated as the deadline for arriving at a solution.

Whats Up On Wall Street?

The Dow Jones industrial average and the S&P 500 both saw minor increases yesterday at 37.2 and 5.5 respectively. The Nasdaq fell slightly by 5.4 points. Today may be a big day for the stock market as the weekend meeting of European Union leaders begins, thus boosting optimism that the European debt crisis will be solved soon.

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