Investors Await Fed Signals, Stocks Up on Apple News (BBY, IBM)

Trading was mostly light on Monday with many investors still awaiting further signals from the Fed and comments to be released from Bernanke at the end of the week. European indices were up due to expectations from the central bank as well. The S&P 500 and Dow Jones had small losses while Nasdaq climbed slightly. After last week's results of the Apple-Samsung case, Apple (AAPL) saw shares jump on Monday. The company was awarded $1 billion. IBM (IBM) announced its acquisition of Kenexa Corp (KNXA) and Hertz finally made an agreement with Dollar Thrifty Group for $2.3 billion.
Both bonds and gold rose as well ahead of future comments from Bernanke.

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Published on Aug 27, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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