U.S shares managed to rebound faintly as today's session closed from ts biggest drop in three weeks, after Federal Reserve Chairman sees a better economic future for the U.S economy as affirmed a while ago at a meeting of economists at the American Economic Association 's event in Philadelphia In fact the chairman affirmed loudly and clearly that "2014 could be better year for the U.S economy" and added that the hard winds that have held back the U.S. economy may be narrowing to accordingly leave the country poised for faster growth. Not forgetting that most of all past reports reported by the U.S economy only revealed firm and better than projected data from overall sectors to add clear signs that the U.S economy is strengthening and therefore justify once again the Fed's recent decision on cutting back on its asset purchases program. A reason why the Chairman also affirmed today that: " the combination of financial healing, greater balance in the housing market, less fiscal restraint, and, of course, continued monetary policy accommodation bodes well for U.S. economic growth in coming quarters" As of 16:15 EST , Dow Jones rose 0.17% to 16469.99 points, and NASDAQ shed 0.27% to 4131.91 points. Standard and Poor's lost 0.03% to reach 1831.37 points, to rebound from its lowest level in three weeks, as of 16:15 EST .
Most Popular Stories
- Koch Brothers Step up Anti-Obamacare Campaign
- FDIC Sues Big Banks Over Rate Manipulation
- Stocks Close Lower Ahead of Crimea Vote
- Vybz Kartel Convicted of Murder
- SoCalGas Reaches Record Spend on Diversity Suppliers
- U.S. Consumer Sentiment Falls in Early March
- FDIC Accuses Big Banks of Fraud, Conspiracy
- Jittery Investors Dumping Russian Stocks
- Is Malaysian Airlines Flight 370 in Andaman Sea?
- Ulta Shares Look Good on Strong Q4