S&P 500 rallies on Bernanke's announcement

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Source: Dukascopy Bank
S&P 500 index rallied on Monday after Fed Chairman Ben Bernake said expansionary monetary policy is still necessary to boost jobs. US index gained 1.39% or 19.40 points and closed at 1,416.51. Apple Inc reached a new record as its shares jumped 1.8% to USD 606.98 a share. Edwards Lifesciences rocketed 5.9% on research results that showed company's Sapien device triggers higher rates of stroke or death after two years. Safeway Inc. dropped 3.4%, after Credit Suisse Group downgraded the grocer from outperform to neutral.

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Tue, 27 Mar 2012 12:07:17 GMT

Dow Jones Industrial Average index jumps 1.2% on Monday

Dow Jones Industrial Average index advanced sharply on Monday as Ben Bernake fuelled speculations central bank is likely to continue its economy-stimulating policy. Blue chip index  jumped 1.23% or 160.90 points and settled at 13,241.63 with 29 of 30 stocks posting gains. Financial shares contributed most to the index. American Express added 2.5% on news it will increase its quarterly

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

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