Beverly Hills 2/11/2010 5:51:51 AM
News / Business

Stocks Hold on Greece News and Bernanke Announcement

Financial World News Update by Equities Magazine

Stocks stayed more or less consistent on Wednesday after recuperating morning losses following reports that meetings establishing the European Union’s strategy for assisting Greece in recovering from their astronomical debt are schedules for later this week.

 

 France and Germany are prepared to present a plan directed at avoiding Greek bankruptcy at a European Union meeting scheduled for Thursday.

 

Also causing a slip in stocks, Federal Reserve Chairman Ben Bernanke outlines the plan for the Fed to begin ending the broad emergency support programs that have been in place since 2008.

 

The Dow Jones industrial average slipped a minor 3.10 points, or 0.03 percent, at 10,055.54. The Standard & Poor's 500 Index fell 0.58 points, or 0.05 percent, at 1,069.94 while the Nasdaq Composite Index was down 1.54 points, or 0.07 percent, at 2,149.33.

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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