other things, quote, fraudulent and trashy. pageant officials deny her charges and claims she told them she was resigning due to the inclusion of transgender contestants. now here s your first look at wall street. the dow opens at 12,127, after adding 26 points yesterday. the s&p was up seven, the nasdaq gained 18. taking a look at overseas trading this morning. in tokyo, the nikkei jumped 151 points, while in hong kong, the hang seng climbed 261. well a little upbeat economic data did help stocks recover some lost ground wednesday. data showing the service sector improved in may outweighed worries about the eurozone s fiscal crisis. bank of america rose 3%, while jpmorgan added 3. investors are hoping for signs of action from the european central bank s interest rate meeting today after the g-7
endangering the lives of civilians who could be caught in the crossphile. jurlists, three being held after five days at the tripoli hotel. cnn s chaunce was one of them. steve jobs will step down. jobs is on his third medical leave of absence. he didn t mention his health problems directly but he said the time has come to resign. portions of the u.s. east coast are likely to be under a hurricane watch in just a few hours. hurricane irene is tearing through the bahamas right now with sustained winds at 160 miles an hour. it could hit the populated, northeast this weekend. those are the top stories. i m zain veer gee. world business today starts now. an ipod, a phone. are you getting it? the innovator steve jobs steps down as ceo of apple. we ll look at the company s future under new leadership. hello. i m andrew stevens in hng kong. and i m nina dos santos in london. you re watching world business today. captions by vitac www.vitac.com let s start with the ma
the s&p lost 2 points and the nasdaq fell 6. overseas trading this morning, in tokyo, the nikkei dropped 35 points but in hong kong the hang seng was up 45. markets got a brief boost from the fed s pledge to prop up the economy yesterday. but the central bank stopped short of saying exactly how and when it will step in. after a one-day interest rate meeting, the fed kept rates unchanged near zero. but failed to offer specifics on when it might roll out any fresh stimulus measures promising only additional accommodation to support the recovery. initially stocks and treasuries rallied but the momentum quickly faded. meanwhile the housing sector slid after the government reported a jump in august home construction boosted mostly by the volatile building of mul multifamily homes. oversea, italian authorities seized more than $30 million from a vatican bank account tuesday as part of an