Stocks experienced rebounds during the last trading session in the U.S. Prior
to the days opening bell, futures were posting red and stocks were positioned
for the lower open. As the trading session progressed, stock action swung in a
positive direction. Federal Reserve Chairman, Ben Bernanke issued statements
that allowed investors to feel a little more confident that the Feds would take
necessary action when needed to stimulate the economy. Up to this point, the
negative weight of the global marketplace, paired with the negatively skewed
index trends here in the U.S., caused worries to rise in most investors. Many
feel that another recession is looming. Bernanke even admitted today that the
economy right now is weaker than the central bank anticipated it would be at
this point. He warned congress that additional spending cuts could further cause
the economy in the U.S. to deteriorate. He also said that the central bank was
prepared to take further supportive action to stimulate the economy. Many
investors are hoping for another round of quantitative easing. This news gave
stock index composites a push higher around the mid-day point. As the session
close finalized, the primary index composites were posting green. The DJIA
finished off the day higher by 1.44 percent at 10,808.71. The Nasdaq closed out
higher by 2.95 percent at 2,404.82 and the S&P 500 finished off the day higher
by 2.25 percent at 1,123.95. Frank Matto
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