iBankCoin
Joined Nov 11, 2007
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Markets are Hopeful While Looking To Bernanke For Direction

“NEW YORK—U.S. stock futures rose in an attempt to halt a four-session losing streak, as a rebound in European markets and corporate merger news helped give investor sentiment a lift ahead of a speech by the Fed chief Ben Bernanke.

About 90 minutes before the opening bell, Dow Jones Industrial Average futures gained 43 points to 12130, while Standard & Poor’s 500-stock index futures advanced 6 points to 1291. The Dow lost 480 points over the last four sessions, and the S&P 500 closed below 1300 for the first time in 2½ months. Nasdaq 100 futures gained 7 points to 2281. Changes in stock futures don’t always accurately predict stock moves after the opening bell…..”

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