Market up on Bernanke Comments

***Written By: Blain Reinkensmeyer Stock Forum ID: StockTrading101***

As of 11:36 AM the Dow is up over 154 points, the Nasdaq is up over 26, and the S & P 500 is nearing a 18 point gain. The reason? Federal Reserve chairman Ben Bernanke reassured the market on inflation, raising hopes the central bank may stop raising interest rates. And who wouldn’t mind that?

Strong earnings from J.P. Morgan Chase and International Business Machines also helped to raise the overall positive notion this morning, though not nearly as significant as Bernanke’s comments.

Is this a foreshadowing of an even greater rally once the Fed meets again next month?

More on this topic (What's this?)
Lie of the Day
That ADP Number
Read more on Federal Reserve at Wikinvest

Discuss this post in the StockTradingToGo Forum.

Subscribe To StockTradingToGo.com

Receive our investment research for free to your mailbox. More stock tips, picks, news and more. Just enter your email below:


-- Posted by Blain Reinkensmeyer on July 19, 2006 at 9:40 am --

Related Posts:

Comments on "Market up on Bernanke Comments" are closed.

Name (required)
E-mail (required - never shown publicly)
URI
Subscribe to comments via email
mrgreen neutral arrow idea ? ! -) roll twisted evil cry oops razz mad lol cool ??? shock eek sad smile grin
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.