Markets Gain on Fed Reassurance and Positive Earnings (BAC, TSLA)

On Wednesday the markets saw slight gains after the Federal Reserve released their most recent Beige Book. Chairman Bernanke reassured investors that the end to it's bond-buying program is not set in stone and that key decisions depend on economic development in the US. Also pushing the major indices higher were positive earnings reports from several companies including Bank of America (BAC), Bank of New York Mellon Corp. (BK) and Monster Beverage Corp. (MNST). Tesla (TSLA) stumbled on Tuesday but was able to rally today by about 11%.
The US dollar gained against most major currencies including the Japanese yen and the euro.

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Published on Jul 17, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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