Thursday 06, September 2012 by Bob Doll
Policymakers and investors are on a razor's edge
Last week featured relatively light trading volume in advance of the unofficial end of summer. The highlights included Federal Reserve Chairman Ben Bernanke’s much-anticipated Jackson Hole speech (in which he confirmed that the Fed still has some easing options) as well as an upward revision to second-quarter US gross domestic product growth (from 1.5% to 1.7%). Despite a rally on Friday, stocks closed the week slightly in the red, with the Dow Jones Industrial Average dropping 0.5% to 13,090, the S&P 500 Index falling 0.3% to 1,406 and the Nasdaq Composite losing a fractional amount to 3,066.
