U.S. stocks finished higher Monday for the first session in three, bouncing back from a four-week retreat that has the S&P 500 Index down 13% so far this month.
“The stock market is screaming to Ben Bernanke at the top of its lungs for a QE3, and the day’s gains is in anticipation of such,” said Keith Springer, president of Springer Financial Advisors. “If we get it, we’ll have a nice rally, if we don’t, we’ll have a bloodbath.”
Dow Jones Industrial Average
(DJI: ^DJI )
Index Value: | 10,854.65 |
Trade Time: | 4:05PM EDT |
Change: | 37.00 (0.34%) |
Prev Close: | 10,817.65 |
Open: | 10,820.37 |
Day's Range: | 10,820.37 -11,020.55 |
52wk Range: | 9,915.73 -12,928.50 |
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