~Public Website Categories

Reuters


Wall Street rises on Bernanke policy comments

“The last round of quantitative easing was absolutely beneficial for stocks, and the gains today are on the prospects for what is potentially further stimulus,” said John Kosar, director of research at Asbury Research in Chicago. “However, the fact that we’re even discussing another round shows how the economy is still struggling.”

His comments came as investors were divided over whether the Fed would introduce another round of stimulus to boost the economy, especially after June’s dismal jobs report. The Fed’s “easy money” policies since 2008 have been fueling the stock market’s rally.