Posts Tagged ‘Congress’

Stocks Opened Down After Obama Speech

Stocks opened sharply lower on Friday as a jobs proposal by President Barack Obama did little to reassure investors concerned about weak economic growth. The Dow Jones Industrial Average lately fell 177.85 points to 11,117.96. The Standard & Poor's 500 Index declined 15.27 points to 1,170.63. The Nasdaq Composite Index ...

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Stocks Closed Higher on Bernanke Comments

U.S. stocks closed higher on Wednesday, boosted by comments from Federal Reserve Chairman Ben Bernanke that the central bank was considering another round of special stimulus to the economy if conditions deteriorated. But much of the early enthusiasm for the prospects of more cheap money evaporated by the close. The ...

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