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U.S. stocks open firmly higher with hopes on Bernanke speech

NEW YORK (MarketWatch) — U.S. stocks rose at the open on Friday, with investors hopeful for a fix to the problems at mortgage giants Fannie Mae and Freddie Mac turning to Federal Reserve Chairman Ben Bernanke, who is due to give a speech in Jackson Hole, Wyo. The Dow Jones Industrial Average gained 64 points, or 0.6%, to 11,501, with 27 of its 30 components opening higher. The S&P 500 index gained 6.9 points, or 0.5%, to 1,284, while the Nasdaq Composite rose 15 points to 2,395.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by Forextvblog

This entry was posted on Friday, August 22nd, 2008 at 7:40 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.