U.S. indices rallied today after an announcement from G20 officials who said that a coordinated action is being prepared by the Eurozone’s major banks by providing liquidity and preventing a credit squeeze if the results of Greece’s elections this weekend create chaos in the financial markets.
After the E.U. market closed, the Bank of England and Britain’s government revealed that it will take action with a new fiscal policy to deal with tightening credit and financial market environment triggered by the Eurozone crisis.
The DJ30 closed at 12,651.91, gaining 155.91 points (+1.24 %) in Thursday’s trading. The SPX500 closed at 1,329.10, gaining 14.22 points (+1.08 %) and the Nasdaq closed at 2,836.33, gaining 17.72 points (+0.63 %).
The CAC40 closed at 3,032.45 gaining 2.41 points (+0.08%), while the FTSE100 closed at 5,467.05, declining by 16.76 points (-0.31 %) and DAX40 closed at 6,138.61, declining 13.88 points (-0.23%).
Microsoft (MSFT) is in discussions to buy Yammer Inc., a social network for businesses by paying more than $1B. The stock gained today with a change of 0.72% upon the news.
Facebook Inc. (FB) is planning to introduce a new real-time bidding system for advertising on its site, a technology which is used by Google (GOOG) and other web companies to target customers with the appropriate ads.
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