The stock market did well yesterday, and today investors prepared to process
remarks from Federal Reserve Chairman Ben Bernanke. Stocks were relatively flat
during the early half of today's trading session. As of the halfway point in
the trading session, the Dow Jones Industrial Average was trending green by .09
percent but the Nasdaq and S&P 500 were still struggling to climb out of
negative territory. Little movement was observed early on as investors sidelined
themselves as they anticipated and awaited Bernanke's comments. Bernanke was
scheduled to speak in the later afternoon, after the central bank's latest
monetary policy statement, and this latter day news release held stock action to
a minimum during the first half of the day. Investors and analysts looked to
glean further information from Bernanke's comments that would shed light on
the status of inflation and how the current economic climate would affect future
economic stimulus plans. General economic news posting today was positive in the
U.S. Government statistics revealed that durable goods orders increased in March
by 2.5 percent. Economic earnings reports continued to skew positive. Boeing
share values were positive as was stock associated with Amazon. The dollar was
falling to the euro and the British pound today and as of mid-day marks, gold
and silver price per ounce rates were on the rise. Bernanke's later comments
revealed business as usual. Bernanke stated that the economic recovery is
proceeding at a moderate pace. The Feds also released an economic forecast that
was positive relating to the unemployment outlook but less positive for the
outlook relating to economic growth and inflation. The Feds reported that
interest rates would stay low in an effort to further stimulate the economy. The
major index composites responded positively this day and approached end of day
close in positive territory. The Nasdaq, S&P 500 and Dow Jones Industrial
Average ended the day in the green. The S&P was up by .62 percent at 1355.66.
The Nasdaq was up .78 percent at 2869.88 and the Dow Jones Industrial Average
was higher by .76 percent at 12,690.58 approaching close. Author: Frank Matto
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