- Analytics
- News and Tools
- Market News
- U.S. stocks swung between gains and losses
U.S. stocks swung between gains and losses
U.S. stocks swung between gains and losses as investors weighed European discussions to step up efforts to fight the debt crisis and the Federal Reserve’s plans to extend its program known as Operation Twist.
Stocks recovered as German Chancellor Angela Merkel said bond purchases by the European bailout fund are a possibility, while European Union President Herman Van Rompuy’s blueprint for the euro was said to discuss jointly issued short-term bills, a debt-redemption fund and common banking supervision, according to two officials familiar with the work on the project.
The Fed will expand its program to replace short-term bonds with longer-term debt by $267 billion through the end of the year in a bid to reduce unemployment and protect the expansion. The original Operation Twist was set to expire this month.
Policy makers left unchanged their view that economic conditions will probably warrant keeping interest rates “exceptionally low” at least through late 2014. The policy- making committee has kept the main interest rate in a range of zero to 0.25 percent since December 2008.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
