The day (7/24) started with several stocks on the decline, however, Federal Reserve Chairman Ben Bernanke announced that the central bank is already in the process of cutting back on their emergency efforts that were put in place in order to end the financial crisis. After the announcement the S&P rose for a second consecutive day.
Leaders & Losers Microsoft and Amazon stocks dropped in response to their quarterly results, which were less than expected. Exxon and ConocoPhillips were on the rise. The Dow Jones Industrial Average continues its rise and has already jumped nearly 12 points on the day. Yesterday was the first day the Dow Jones was over 9000 since the first month of 2009.
