Tuesday, August 9, 2011

BERNANKE FOLLOWS OBAMA'S ORDER AS HE REWARDS WELL STREET


Bulls Storm Back Into Town, Stage 430-Point Surge

Published August 09, 2011 
| FOXBusiness
    FOX Business: The Power to Prosper
    The beleaguered markets capped a violent trading session with a sharp comeback as traders scooped up beaten-down stocks and analyzed the Federal Reserve's pledge to hold interest rates at historically-low levels for the next two years. 
    Today's Markets
    According to preliminary calculations, the Dow Jones Industrial Average jumped 430 points, or 4%, to 11,240, the S&P 500 rose 53.2 points, or 4.8%, to 1,173 and the Nasdaq Composite climbed 125 points, or 5.3%,  to 2,483. The FOX 50 gained 35.9 points, or 4.4%, to 850. 

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