Investors continued buying after a brief pullback as they sorted out testimony today from Fed Chairman Ben Bernanke. Early morning news of a rate cut in China was the catalyst for a positive end to the trading session. Heading into the last hour of trading, the Dow rise nearly .9%, the S&P 500 was up .6% and the Nasdaq was up one quarter of a percent.
Also today was a slightly better than expected report on initial jobless claims, slightly by a Holiday-shortened week.
Among stocks leading the Dow higher, Boeing (BA), Caterpillar (CAT) and 3M (MMM).
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.