Wednesday, February 24, 2010

Stocks Move Flats Waiting For Ben Bernanke Speeches

Stocks in Wall Street as investors move flats are waiting speeches U.S. Federal Reserve Governor Ben Bernanke before Congress. Bernanke is expected to clarify the decision of the Fed raising rates on bank loans made last week.

In Monday trading, the Dow Jones index closed lower 18.97 points (0.18%) to as low as 10,383.38. Index Standard & Poor's 500 also down 1.16 points (0.10%) to 1108.01 and the Nasdaq level weakened 1.84 points (0.08%) to the 2242.03 level. President Barack Obama's plan legislation to improve the health sector are welcome.

Shares of the insurance sector index gained moving the health sector, Morgan Stanley rose 1.7%. The shares dropped the energy sector and be the deciding factor weakening stock index. But the weakening of the energy stocks are able to shut down by an increase in banking shares. Energy index S & P noted down 1.3%, shares of Chevron Corp. fell 1.5%, Exxon Mobil fell 0.7%.

Banking stocks rose with JP Morgan Chase's shares rose 2.1% and become one of the biggest lifting the Dow Jones index. Financial Index S & P rose 1.1%. Trade transactions running thin with the New York Stock Exchange only 7 billion shares, below the average for last year's 9.65 billion.

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