Wall Street Gains on ECB, But Negative for Week

Wall Street Gains on ECB, But Negative for Week

ppU.S. stocks gained on Friday on news the European Central Bank is considering setting targets in a new bond-buying program that could help contain euro-zone borrowing costs and on hopes of more stimulus from the Federal Reserve. Despite the day's advance, the S&P 500 broke a six-week string of gains.pbr br pFor the week, the benchmark index fell 0.5 percent loss. Conflicting perceptions of the Fed's commitment to provide more stimulus took a toll on the market this week. Investor sentiment received a lift on Friday from U.S. Fed Chairman Ben Bernanke, who said the Fed has room to deliver additional monetary stimulus to boost the U.S. economy. Bernanke made the comment in a letter to a congressional oversight panel.


User: IBTimes

Views: 5

Uploaded: 2012-09-19

Duration: 00:53

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