While you were sleeping Wall Street off to good start

Mon, 06 Aug 2012

By Margreet Dietz Aug 7 (BusinessDesk) - Stocks advanced on both sides of the Atlantic as most US companies seem to have escaped the latest quarterly earnings season relatively unscathed, while there are reasons to be optimistic that Europe's sovereign debt crisis is being kept in check. In late afternoon trading in New York, the Dow Jones Industrial Average rose 0.56 percent, the Standard & Poor's 500 Index gained 0.55 percent and the Nasdaq Composite Index climbed 1.04 percent. In Europe, the Stoxx 600 Index finished the session with 0.5 pe...

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