Unclear Fed Stimulus, Wall Street Ends Flat?

MAKE MONEY BLOG$~Jakarta - The stock market Wall Street ended mixed after earlier rising high enough in the beginning of this week. Market participants are waiting for a new stimulus package from the Federal Reserve after seeing a slowdown in economic data the United States (U.S.).


The results of the Fed's meeting on July 31 to August 1 and had agreed on a package of new stimuus if perkebambangan U.S. economy is not significant. Currently, market participants are still waiting for Fed governor Ben Bernanke will take steps to economic data.

"The market is still wondering whether Tanay development (economic) far enough to (convince) Bernanke. Recent economic data he wants can be applied to the growth of employment in the private sector," said Quincy Krosby, an analyst with Prudential Financial market strategist, at Newark , New Jersey, cited dair Reuters on Thursday (08/23/2012).

"Immediate reaction of the market is fast or slow, the Fed will move," he said.

Throughout trading, stocks were stuck in negative territory following a weak Japanese export data and the anticipated EU leaders meeting about Greece this week.

Tuesday, the S & P 500 hit its highest point in four years, but failed to survive at that point when closing.

At the close of trading Wednesday, the Dow Jones industrial average fell 30.82 points (0.23%) to a level of 13172.76. The broader Standard & Poor's 500 index edged up 0.32 points (0.02%) to a level of 1413.49. The Nasdaq Composite Index increased 6.41 points (0.21%) to a level of 3073.67.
sourc: detik.com

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