24/7 Wall St. Closing Bell — August 17, 2012: Markets Up on Light Volume, Little Enthusiasm (GRPN, PSX, WLP, GTAT, KKD, ARO, CRMT, BRCD, GPS, MRVL, ANN, FL, SJM, COCO, LOW, URBN, BBY, TECD, WTSLA, CHS, HPQ, KYAK, ADSK, BIG, CKP)
The three major US stock indexes opened higher this morning after the news that German chancellor Angela Merkel said Germany would support European Central Bank sovereign bond buying. Unfortunately she doesn’t have…