The Delaware Gazette

Banks lead stock rally; Nasdaq nears 3,000

NEW YORK — Banks dodged a big hit from the Greek debt cri­sis and ral­lied Thurs­day to lead the stock mar­ket higher. Strong retail sales and more encour­ag­ing news about the U.S. job mar­ket also helped stocks rise.

Economy, not debt rating, will send markets lower

NEW YORK — U.S. investors will have their first chance today to react to Stan­dard & Poor’s deci­sion to strip the U.S. gov­ern­ment of its top credit rat­ing. But the big­ger issues fac­ing Wall Street and stock mar­kets world­wide remain debt-ridden coun­tries in Europe and con­cerns that the global econ­omy is weakening.

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