XCSFDHG46767FHJHJF
dow2664 Stocks experienced rebounds during the last trading session in the U.S. Prior to the day’s 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
No comments:
Post a Comment