Tag: market news

Stocks waver on weak construction, factory reports

Posted on by The INO.com Team

Stocks are wavering between losses and gains after reports that the U.S. economy is weakening at a time when China and Europe are also slowing.

The Dow Jones industrial average was down 27 points at 13,064 at 3 p.m. Eastern time on Tuesday. The broader S&P 500 index recovered from a loss earlier in the day and was up less than a point to 1,407. The Nasdaq composite rose 12 points to 3,079. The U.S. stock market was closed Monday for Labor Day. Continue reading "Stocks waver on weak construction, factory reports" →

Stocks higher, but volatile, after Bernanke speaks

Posted on by The INO.com Team

It took a while, but investors eventually decided they liked what they heard from Ben Bernanke, and stock indexes rose enough on Friday to put them into positive territory for August.

Stocks gyrated after the Federal Reserve chairman spoke on Friday morning. They first gave up their morning gains, then bolted to their highs for the day, before settled in-between. Continue reading "Stocks higher, but volatile, after Bernanke speaks" →

Bernanke: With unemployment high, Fed can do more

Posted on by The INO.com Team

(AP:JACKSON HOLE, Wyo.) Chairman Ben Bernanke says high U.S. unemployment is a "grave concern" and that the Federal Reserve will provide more help if the economy doesn't improve.

Bernanke stopped short of committing the Fed to any specific move, such as another round of bond purchases to lower long-term interest rates. But in a speech in Jackson Hole, Wyo., Bernanke suggested the Fed will consider further steps to boost the economy, which he describes as "far from satisfactory."

He noted that further action carries risks but says the Fed can manage them. The Fed "should not rule out" new policies to improve the job market, Bernanke says. Continue reading "Bernanke: With unemployment high, Fed can do more" →

Waiting on Bernanke

Posted on by The INO.com Team

After moving notably lower over the course of the previous session, stocks are likely to move back to the upside in early trading on Friday. The major index futures are currently pointing to a sharply higher open for the markets, with the Dow futures up by 115 points.

The upward momentum for the markets comes as traders express optimism about Federal Reserve Chairman Ben Bernanke's upcoming speech at the Kansas City Fed's Jackson Hole symposium. Bernanke is due to speak at about 10 am ET.

Many traders expect Bernanke to make comments indicating whether the central bank will engage in another round of quantitative easing. Continue reading "Waiting on Bernanke" →

Uncertainty About Bernanke Leads To Weakness

Posted on by The INO.com Team

(RTTNews) - After turning in a lackluster performance over the three previous sessions, stocks saw notable weakness during trading on Thursday. Uncertainty ahead of a key speech by Federal Reserve Chairman Ben Bernanke contributed to the weakness on Wall Street.

The major averages moved to the downside going into the close, with the S&P 500 ending the day just below 1,400. The S&P 500 fell 11.01 points or 0.8 percent to 1,399.48, while the Dow slid 106.77 points or 0.8 percent to 13,000.71 and the Nasdaq dropped 32.48 points or 1.1 percent to 3,048.71. Continue reading "Uncertainty About Bernanke Leads To Weakness" →