The Dow Jones and S&P 500 bolstered gains after former Treasury Secretary Lawrence Summers withdrew his name for consideration to succeed Federal Reserve chairman Ben Bernanke. The Nasdaq, however, was pulled marginally into the red due to
Japan’s Nikkei (INDEXNIKKEI NI225) was closed Monday on account of Respect for the Aged Day but, as befitted the most popular birth date all year , September 16 saw the market embark upon the mother of all bull markets.
Stocks declined worldwide today as investors grow cautious about the Fed’s policy decision. Today, the Federal Open Market Committee begins its two day meeting. Chairman Ben Bernanke will hold a press conference on its outcome tomorrow at 2 30