U.S. Stocks Open Mixed After Italy's Prime Minister Unexpectedly Quits

Former Italian Prime Minister Mario Monti.
NEW YORK -- Stocks are opening mixed on Wall Street after the surprise resignation of Italy's prime minister sent a jolt through European markets.

McDonald's (MCD) rose after reporting stronger sales.

The Dow Jones industrial average inched up seven points to 13,162 shortly after the opening bell Monday.

The broader Standard & Poor's 500 index was down a fraction of a point at 1,417. The Nasdaq composite was up a fraction at 2,978.

The departure of Italy's Prime Minister Mario Monti surprised markets. Monti was credited with restoring confidence in Italy's rattled economy. Italy's benchmark stock index dropped 3 percent and the yields on Italy's government bonds rose as investors sold them.

Monti said he can't lead the country after former Prime Minister Silvio Berlusconi's party dropped its support.


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rdd2897

The stock market is a joke made up of rich people and they control it no suprise there

December 10 2012 at 5:12 PM Report abuse rate up rate down Reply
pacedr

Stocks go on roller coaster ride as White House janitor calls in sick, but then unexpectedly rebounds and reports for work after all_______gimme a break.

December 10 2012 at 2:06 PM Report abuse rate up rate down Reply
pdbliz

All a SHAM between Rebublicans and Democrates.!!!!!!!!!!!!!!!!
All stock is fixed by the rich...............DEMOCRATES AND REPUBLICANS,!!!!!!!\.......
.......GET READY FOR WORLD MISGUIDED FUCTIONS....

December 10 2012 at 1:03 PM Report abuse +1 rate up rate down Reply
Ashley

but I guess he considers that a "victory" Without any prior fiscal experience .. the guy just seems lost

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December 10 2012 at 10:15 AM Report abuse -1 rate up rate down Reply
1 reply to Ashley's comment
ybob555

I guess you seem lost too. The drivel you posted after your first paragraph doesn't belong on here. Try the "gold diggers" web site. I to am looking for an age gap relationship, except it's with an older woman, with $550,000 + bucks, non-active, with one foot in the grave & willing to put me as the sole heir in her will. Know of any in the agegapfriends site?

December 10 2012 at 11:13 AM Report abuse -1 rate up rate down Reply