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Thursday, Jul 11
S&P 500 (SPY) and Nasdaq 100 (QQQ) futures jump just under 1% after Bernanke sounded a...
S&P 500 (SPY) and Nasdaq 100 (QQQ) futures jump just under 1% after Bernanke sounded a little less hawkish in a Q&A last night than he did at his post-FOMC press conference 3 weeks ago. "Highly accommodative monetary policy for the foreseeable future is what's needed in the U.S. economy." Shanghai rose 3.2% overnight, and the Nikkei eked out a gain. Europe opened up big, but has come quite a way off the highs.