The U.S. stock market are trading up after statements released by the U.S. Federal Reserve. Stocks were relatively flat in earlier trading today as Wall Street and investors before statements were released by the Federal Reserve. With the end of QE2 around the corner, the markets were curious as to what Fed Chairman Ben Bernanke would decide to do next. They got their answer. Bernanke stated that the bond buying stimulus program will indeed end in June. The Fed has been focused on fighting deflationary forces by flooding large amounts of money into the U.S. financial system by buying U.S. treasuries. If and when the quantitative easing strategy ends, investors are expected to flee the bond market, pushing up borrowing costs for the government and homeowners.
DJIA: 12,626.86 (+0.26 percent)
S&P 500: 1,348.01 (+0.06 percent)
Nasdaq: 2,851.01 (+0.12 percent)
Russell 2000: 852.17 (-0.12 percent)
In other news:
Check back as more news develops.
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