Tag: Reserve

  • Stocks Opened Sharply Lower

    U.S. stocks started sharply lower Wednesday as worries about the global economy weighed heavily after the prior day’s rally. The Dow Jones Industrial Average lately fell 291.12 points to 10,919.74. The Standard & Poor’s 500 Index declined 28.52 points to 1,144.01. The Nasdaq Composite Index lapsed 59.94 points to 2,422.58. Goldman Sachs said on Wednesday…

  • 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 Dow Jones Industrial Average closed…

  • Stocks Rally on China Growth, Bernanke Eyed

    U.S. stocks opened moderately higher Wednesday, poised for their first rise in four days and extending gains booked in parts of Europe and Asia, as investors temporarily shrugged off concerns about a European debt default and looked towards Federal Reserve Chairman Ben Bernanke’s upcoming testimony. The Dow Jones Industrial Average rose 70 points, or 0.6%,…

  • Stocks Ended Down on Debt Worries

    U.S. stocks closed lower for their third day in a row on Tuesday after Ireland’s credit rating was cut to junk by Moody’s Investors Services, overshadowed hints that the Federal Reserve may consider additional stimulus. The Dow Jones Industrial Average lost 58.88 points, or 0.47%, to 12,446.88. The S&P 500 sank 5.85 points, or 0.44%,…

  • 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 Down for Sixth Day

    U.S. stocks on Wednesday fell for a sixth straight session, as investors worried a slowing economy could deepen its retreat and wipe out this year’s gains. The Dow Jones Industrial Average dropped 21.87 points, or 0.18%, to 12,048.94, The S&P 500 ended down 5.38 points, or 0.42%, to 1,279.56. The Nasdaq Composite fell 26.18 points,…

  • 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…