Monday, January 25, 2010

U.S. stocks moderate gains after housing data

Date: Mon, 25 Jan 2010 12:00:57 -0500

U.S. STOCKS MODERATE GAINS AFTER HOUSING DATA
U.S. stocks cling to modest gains Monday, as concerns over global
growth eased, but investors struck a cautious tone amid mixed company
earnings and subdued housing data.

FED CHIEF'S LIKELY TO WIN RECONFIRMATION: ANALYSTS
A firestorm of doubt that erupted late last week over whether
lawmakers' support for Federal Reserve Chairman Ben Bernanke was
eroding has been all but extinguished almost as quickly, positioning
the top U.S. central banker to win a key vote in the Senate.

STILL TOO SOON TO EXPECT FED POLICY ACTION
Analysts expect the Federal Reserve to leave interest rates unchanged
when it meets later this week.

A BAILOUT FOR BERNANKE
Ben Bernanke's future as the leader of the Federal Reserve was in
doubt late last week, but he's been bailed out by a strange coalition:
The White House and the Senate Republican leadership.

FINANCIALS REBOUND AFTER 6% DROP IN 3 SESSIONS
Financial stocks open Monday to the upside after the sector lost more
than 6% of its value over the previous three sessions, a nosedive
triggered by questions about banking regulation and the future of
Federal Reserve Chairman Ben Bernanke.

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