Stocks, Gold and the Dollar All Up After Bernanke's Comments, Merkel Backs Greece (ADSK, ARUN)

Stocks traded higher on Friday after Ben Bernanke of the Federal Reserve commented about his belief that the central bank can do more to stimulate the economy. Gold also ended higher on the hopes of stimulus action and reached a four-month high. A report was released that business investment in the US has dropped the most in three years for Q2 with fixed investment down by 3.2%. Aruba Networks (ARUN) saw shares jump 17% while software developer Autodesk (ADSK) lowered its outlook and fell over 15%.
The dollar inched higher to both the euro and the Japanese yen.

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Published on Aug 24, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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