Stock Markets Latest News: Waiting for Bernanke, Stocks Plod Indecisively

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Stock Markets Latest News: Waiting for Bernanke, Stocks Plod Indecisively

Stock Markets Latest News: Waiting for Bernanke, Stocks Plod Indecisively
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Stock Markets Latest News: Waiting for Bernanke, Stocks Plod Indecisively

by Wochit 1:05 mins

Recently, the stock market has felt like late-summer inertia had already set in. U.S. stocks wandered between the tiniest of gains and losses before closing mixed. Traders were indecisive as companies reported disparate earnings news, and many were disinclined to make any big moves before getting direction from the Federal Reserve, which is scheduled to release an updated policy statement. Facebook's stock came within pennies of its $38 IPO price for the first time since its rocky initial public offering more than a year ago. The world's biggest online social network has been on a roll since it reported stronger-than-expected earnings on July 24. Investors are especially upbeat about its fast-growing mobile advertising revenue. Shares of Herbalife are up over 4% after beating earnings and guiding higher after the close.

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