Tag: federal reserve chairman

  • Stocks Off Lows on Greek Deal

    Stocks pared losses to end mixed on Thurday on reports Greek authorities have agreed to a new 5-year austerity plan to avoid a sovereign default. The Dow Jones Industrial Average fell 59.67 points, or 0.49%, to end at 12,050.00. The S&P 500 index ended down 3.64 points, or 0.28%, at 1,283.50.The NASDAQ Composite Index ended…

  • Stocks Ended Down after Fed Comments

    U.S. stocks ended with solid losses on Wednesday after the Federal Reserve lowered its economic forecast and Chairman Ben Bernanke acknowledged that the pace of the economic recovery is slower than expected, but offered no hint about plans for new stimulus measures. The Dow Jones Industrial Average ended the session down 80.34 points, or 0.66%,…

  • Stocks Opened Lower Ahead of Fed Rate Decision

    Stocks opened lower on Wednesday as investors were cautious about the direction the Federal Reserve would take to deal with renewed weakness in the economy. The Dow Jones industrial average lately was down 17.75 points, or 0.15 percent, at 12,172.26. The Standard & Poor’s 500 Index dipped 0.30 point, or 0.02 percent, at 1,295.22. The…

  • Stocks Closed Broad Gains

    Stocks posted their biggest gains in nearly two months on Tuesday as retail sales figures allayed fears over the economy that had driven a six-week slump in the market. The Dow Jones Industrial Average ended up 123.14 points, or 1.03%, to 12,076.11. The S&P 500 rose 16.04 points, or 1.26%, to 1,287.87. The Nasdaq Compositegained…

  • Stocks Started Off Shaky on Downbeat Bernanke Views

    Stocks were mixed after a lower start on Wednesday, after Federal Reserve Chairman Ben Bernanke said the economy did not grow as much as had been hoped this year. The Dow Jones Industrial Average lately gained 5.37 points to 12,076.18. The Standard & Poor’s 500 Index was down 1.86 points at 1,283.08. The Nasdaq Composite…

  • Stocks Extend Losing Streak after Bernanke

    U.S. stocks extended their losing streak to a fifth session Tuesday, as investors turned downbeat late in the session following comments from Federal Reserve Chairman Ben Bernanke. The Dow Jones Industrial Average fell 19.15 points, or 0.16%, to 12,070.81. The S&P 500 gave up broad gains to end down 1.23 points, or 0.10%, to 1,284.94.…

  • Stocks Higher ahead Bernanke Speech

    Stocks edged higher in early trading on Tuesday as traders were awaiting remarks by Federal Reserve chairman Ben Bernanke that could indicate whether the Fed will continue its loose-money policies. The Dow Jones Industrial Average lately rose 42.95 points to 12,132.91. The Standard & Poor’s 500 Index climbed 4.55 points to 1,290.72. The Nasdaq Composite Index…

  • Stocks Drop for Fourth Day on Economic Worry

    U.S. stocks extended their losing streak to a fourth straight session Monday, as lingering concerns about the U.S. economy pushed the market lower. The Dow Jones Industrial Average ended down 61.30 points, or 0.50%, to 12,089.96. The S&P 500 fell 13.99 points, or 1.08%, to 1,286.17. The Nasdaq Composite ended down 30.22 points, or 1.11%,…