Bernanke Doesn't Say Much, Stocks End Positive on Tuesday (YHOO, GS)

Earlier losses on Tuesday were erased at the end of the day with US stocks rising after the Fed's Ben Bernanke made another assessment of the economy and future central bank actions. Third quarter quantitative easing may be coming soon even though Bernanke remained fairly tight-lipped. Goldman Sachs (GS) reported a net falling of their quarterly earnings. HSBC is facing $1 billion in fines for a decade-long compliance failure and possibly facilitating money laundering between Mexico and the US. Yahoo (YHOO) appointed Google's (GOOG) Marissa Mayer as its new president.
Home builder confidence jumped to its highest level since March 2007 and saw the largest growth in almost a decade.

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Published on Jul 17, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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