U.S. markets are trading lower Thursday morning after rallying Wednesday afternoon. The Dow Jones Industrial Average (^DJI) closed up 0.39% to 14,512 on Wednesday and the S&P 500 (^GSPC) ended yesterday's session up 0.68% to 1,559 after Fed Chairman Ben Bernanke reiterated his pledge to keep the monetary spigot flowing.
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Despite some improving economic signs from the housing and labor markets, the Fed gave several reasons why it will continue its monthly $85 billion stimulus program. Those roadblocks include the 7.7% national unemployment rate, fiscal constraints in Washington and an economic recession and sovereign debt crisis in Europe.
Even as the economy seems to be picking up steam, there are signs that there's trouble ahead for U.S. multinational firms.
Take for example:
- Oracle (ORCL) reporting disappointing earnings results after the bell Wednesday. The company blamed poor performance by its sales force for the decline in revenues,