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.

October 18th, 2011
Kevin Martinez
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