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Stock Market Closing Prices – 2/10/10
Dow Jones Industrial Average ( DJIA ) Close – 10038.38 -20.26
Nasdaq Stock Market Close – 2147.87 -3.00
S&P 500 Close – 1068.13 -2.39
Commodities Closing Prices – 2/10/10
Gold Close – 1078.20 +2.40
Oil Close – 74.83 +0.31
Natural Gas – 5.31
Bernanke reminds market cheap borrowing will end; Fed chief lays out plan for ending supports.
The stock market managed to steady itself after hearing Federal Reserve Chairman Ben Bernanke's plans to dismantle the central bank's supports for the economy.
Bernanke said in a statement the Fed likely will begin tightening credit by raising the interest rate it pays to banks on the money they have deposited at the Fed. That would lead to an increase in borrowing rates for consumers and businesses. The Fed chief said the central bank is not yet ready to boost interest rates, which stand at record lows.
Here is the link:
Ben Bernanke outlines strategy to withdraw US stimulus
http://news.bbc.co.uk/2/hi/business/8508909.stm |
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