thursday turnaround and around and around, page-9

  1. 4,361 Posts.
    is it just me or does anyone else think we may get another friday night surprise - to coincide with bernie's public appearance.

    http://www.thestreet.com/_htmlatb/markets/marketstory/10376903.html

    Stocks in the U.S. were solidly higher Wednesday following a two-session selloff, as traders bid up equities amid hopes for a rate reduction.

    The Dow Jones Industrial Average jumped 247.44 points, or 1.9%, to 13,289.29. The S&P 500 added 31.40 points, or 2.19%, to 1463.76, and the Nasdaq was better by 62.52 points, or 2.5%, at 2563.16.

    Chipmakers, retailers, computer hardware stocks and precious-metals names were among the leaders of what was a broad-based rally.

    The mood improved as investors learned that Federal Reserve Chairman Ben Bernanke had sent a letter to New York Sen. Chuck Schumer saying that the central bank would "act as needed" if the economy appeared to be imperiled by the troubles in the financial markets.

 
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