U.S. stocks rose for a second day Friday, but closed far from session highs, as investors tried to measure the risks from violence in Libya and Japan’s ongoing crisis heading into the weekend. They lose ground for second week.
France, the U.K. and the U.S. move closer to military action in Libya after the United Nations authorized “all necessary measures” to protect civilians there.
Japan raises the nuclear event level for the Fukushima plant as it now faces the worst crisis since the 1986 Chernobyl accident; officials consider burying the damaged reactors in sand and concrete if cooling pumps can’t be restarted.
The Federal Reserve gives some big banks the green light to hike dividends and snap up shares in a development that have some worried that the approach will result in banks reducing their equity and raising their leverage.
MarketWatch
