Stocks rose unevenly Friday, largely extending the week's rally after Federal Reserve Chairman Ben Bernanke gave investors more reason to believe further interest rate cuts are on the way.
The Dow Jones industrial average rose more than 120 points, but the tech-heavy Nasdaq composite index didn't join in the rally after weak quarterly results from Dell Inc.
In a speech late Thursday, Bernanke said persistently tight credit conditions, the housing slump and high energy prices will probably create some "headwinds for the consumer in the months ahead," and the central bank will have to be "exceptionally alert and flexible."
The …
Комментариев нет:
Отправить комментарий