Markets Trim Losses, Remain Under Pressure

Originally published on Fox Business OX Business: The Power to Prosper Wall Street bounced off session lows but remained under pressure Tuesday morning as stronger-than-expected reports on consumer confidence and home sales offset weaker indicators and traders continue to bet on the likelihood of new help from the Fed and ECB. Today's Markets As of 11:26 a.m. ET, the Dow Jones Industrial Average fell rose 5.75 point, or 0.04%, to 13079.14, the S&P 500 gained 1.71 points, or 0.12%, to 1386.96 and the Nasdaq Composite jumped 12.50 points, or 0.42%, to 2958.31. The FOX50 added 4.19 points, or 0.40%, to 1043.40. The early apprehension on the final trading day of the month puts Wall Street on pace to maintain the Dow's second consecutive monthly gain and ninth of the last 10. U.S. stocks suffered a modest retreat on Monday, giving the blue chips their longest Monday losing streak since 1973. Still, Wall Street largely preserved its best two-day rally of the year, one that was fueled largely by hopes the European Central Bank and maybe even the Federal Reserve will unveil bold steps this week aimed at easing economic strains. Continue reading this story here.