Door Left Open by Bernanke for Further Easing, Gold Advances (SABA, FB)

Although Ben Bernanke's speech in Jackson Hole left much to be desired, there were other points of positive data for the market to focus on today. Gold has now hit a five-month high and US stocks have reached a third straight month of gains. After Bernanke's statements the dollar fell to its lowest in more than three months while oil futures rose after two days of losses. Some of the biggest gainers were Saba Software Inc. (SABA) on news from earlier this week that IBM (IBM) is buying Saba's rival and Gordmans Stores (GMAN) net jumped 21%.
SAIC announced that it plans to split into two public companies. The euro zone is struggling with inflation rising to 2.6% in August and unemployment hitting a record high of 11.3%.

Word on the Street

Interesting Tidbits

Published on Aug 31, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

Posted in ...