Market Recap: Markets up on Bernanke’s Comments
- Posted on March 26, 2012 at 4:22pm by
Becket Adams
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Markets closed up today:
▲ Dow +1.23 percent
▲ S&P +1.39 percent
▲ Nasdaq +1.78 percent
Commodities:
▲ Oil +0.20 percent
Precious metals:
▲ Gold (NYSE:GLD) up to $1,689.58 an ounce
▲ Silver (NYSE:SLV) up 2.22 percent to settle at $32.81
Today’s markets were up because:
Bernanke: Markets were up on comments made by Federal Reserve Chairman Ben Bernanke.
“We cannot yet be sure that the recent pace of improvement in the labor market will be sustained,” Bernanke said in a speech to fellow economists today.
He added that the Fed’s “accommodative monetary policies” should help reduce high unemployment over time. His comments reaffirm investors’ expectation that the central bank will keep interest rates low for a long time, and that the Fed will act if the economy deteriorates, CNN Money reports.
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TemayElbor
Posted on March 26, 2012 at 9:27pmThere should be less talk of more promises of economic improvement. Just do it.
We want to see it, feel it…
Somehow… it is not there…forty percent of Americans are on food stamps….almost half of America’s population.
Report Post »lukerw
Posted on March 26, 2012 at 7:51pmLOL :) The High Priest of the Roman Temple of Fertility… has read the Entrails of a Chicken… and pronounced the Omens are GOOD!
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