FILE - In this Dec. 20, 2011 file photo, traders Gerard Farco, left, and Richard Cohen, right, work on the floor of the New York Stock Exchange. Asian stock markets were mostly lower Thursday, Dec. 29, 2011, as traders shied away from riskier assets as the year drew to a close, but hopes for a successful bond issue in Italy boosted shares in Europe.(AP Photo/Richard Drew, File)AP – Better news on home sales and improved prospects for job growth sent stocks higher on Wall Street Thursday.


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Don’t expect a home run from the Fed (AP)

By admin on September 11th, 2011

FILE - In this Sept. 30, 2010 file photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington. The last time the Federal Reserve came up with a big plan to help the economy, it totaled $600 billion and touched off a 28 percent rally in the stock market. But if the Fed takes any new steps, as many people expect, it won’t look anything like that. Look for small ball, not a home run. “Operation Twist,” as Fed-watchers are already calling it, in a nod to economic history, probably will help the economy and the stock market. (AP Photo/Manuel Balce Ceneta, File)AP – The last time the Federal Reserve came up with a big plan to help the economy, it totaled $600 billion and touched off a 28 percent rally in the stock market.


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AP – MIXED BLESSINGS: Better-than-expected reports on home building and jobs pushed two of the three major stock indexes higher Thursday. The broader market ended mixed. The Dow is now slightly higher for the week.

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The Dow Jones industrial average edged up 8.10 points, or 0.07 percent, to 12,402.76. REUTERS/GraphicReuters – Stocks pared gains on Friday after pending home sales fell far more than expected in April.


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