Login to your account

Lost your password?

S&P 500, Dow set new records after Bernanke comments

Closing out the day… Stocks moved higher again Thursday, although the Nasdaq actually closed with a loss after weak earnings from Intel (INTC) pulled that index into the red. The Dow and S&P 500 both set new highs on the day after more talk from Ben Bernanke about how the Federal Reserve will be responsive to economic conditions at it withdraws its monetary stimulus.

Among the high-volume stocks today Bank of America (BAC), Citigroup (C) and IBM (IBM) booked gains while eBay (EBAY), Intel (INTC) and Amazon.com (AMZN) all moved lower. The Chicago Board Options Exchange Volatility Index closed the day at 13.77 after opening at 13.63. The Put/Call Volume Ratio is at 0.72 while the Put/Call Open Interest ratio is at 0.92. [InvestorsKeyhole, various news and data sources]

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.