News update 18 Oct 10

Wall Street Update and Outlook Previous close Chg % chg DOW 11,062.78 -31.79 -0.29% Nasdaq 2,468.77 33.39 1.37% S&P 1,176.19 2.38 0.20% Source: Yahoo Finance Earnings, Bernanke, and data were in focus on Friday, but the major averages diverged as the Nasdaq jumped (attributed to the huge rally in Google shares), the Dow dragged, and the S&P 500 settled flat. Comments from Fed Chairman Bernanke were also in focus this morning. His comments indicated that further quantitative easing and accommodation are likely, all else equal, caused the dollar to dance. The greenback swung sharply between positive and negative ground before […]