{"id":28614,"date":"2012-06-07T11:48:00","date_gmt":"2012-06-07T11:48:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-pare-gains-after-bernanke-comments\/28603\/"},"modified":"2012-06-07T11:48:00","modified_gmt":"2012-06-07T11:48:00","slug":"stocks-pare-gains-after-bernanke-comments","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stocks-pare-gains-after-bernanke-comments\/28614\/","title":{"rendered":"Stocks Pare Gains after Bernanke Comments"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a><br \/>\n<a class=\"addthis_button_preferred_2\"><\/a><br \/>\n<a class=\"addthis_button_preferred_3\"><\/a><br \/>\n<a class=\"addthis_button_preferred_4\"><\/a><br \/>\n<a class=\"addthis_button_compact\"><\/a><br \/>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n<p><script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script><br \/>\n<!-- AddThis Button END --><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p>Stocks have pared their early gains and are well off their session highs following comments from Federal Reserve Chairman Ben Bernanke.<\/p>\n<p><span id=\"more-28614\"><\/span><\/p>\n<p>In his testimony to the Congressional Joint Economic Committee, Bernanke said that the Feed remained relatively optimistic about the health of the domestic economy. The Fed Chairman said that economic growth appears poised to continue at a moderate pace over coming quarters, supported in part by accommodative monetary policy. Bernanke did not give any indication that the Fed is planning to implement fresh measures to boost growth.<\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>The Fed Chairman\u2019s comments dashed hopes of another round of quantitative easing.<\/p>\n<p>At last check, the <a href=\"https:\/\/thestockmarketwatch.com\/markets\/dowjones\/today.aspx\">Dow Jones<\/a> was trading 0.55% higher at 12,483.17, the <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> was trading 0.48% higher at 1,321.18, and the <a href=\"https:\/\/thestockmarketwatch.com\/markets\/nasdaq\/today.aspx\">Nasdaq<\/a> was trading 0.20% higher at 2,850.29. All three major indexes had risen sharply earlier today after China unexpectedly cut its benchmark deposit and lending rate to boost its economy.<\/p>\n<p>Conglomerates are leading the gains in the S&amp;P 500 in trading currently. At last check, the sector was trading 0.83% higher. Industrials are currently trading 0.79% higher. Basic Materials sector is up 0.42% in trading currently, while Energy sector is up 0.47% in trading currently. Financials are up 0.46%. Consumer Cyclical is the only sector in red in trading currently. At last check, the sector was down 0.09%.<\/p>\n<p>Among the major gainers and losers in trading currently are McDermott International Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=MDR\" target=\"_blank\" rel=\"noopener\">NYSE: MDR<\/a>), which is currently trading 8.09% higher at $10.55, Navistar International Corporation (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=NAV\" target=\"_blank\" rel=\"noopener\">NYSE: NAV<\/a>), which is currently trading 24.05% lower at $21.38, MAKO Surgical Corp. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=MAKO\" target=\"_blank\" rel=\"noopener\">NASDAQ: MAKO<\/a>), which is currently trading 6.18% higher at $24.58, Men\u2019s Wearhouse Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/markets\/nyse\/today.aspx\">NYSE<\/a>: MW), which is currently trading 17.68% lower at $29.28, and RF Micro Devices Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/markets\/nasdaq\/today.aspx\">NASDAQ<\/a>: RFMD), which is currently trading 5.19% higher at $4.36.<\/p>\n<p>&nbsp;<\/p>\n<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a><br \/>\n<a class=\"addthis_button_preferred_2\"><\/a><br \/>\n<a class=\"addthis_button_preferred_3\"><\/a><br \/>\n<a class=\"addthis_button_preferred_4\"><\/a><br \/>\n<a class=\"addthis_button_compact\"><\/a><br \/>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n<p><script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script><br \/>\n<!-- AddThis Button END --><\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/stocks-headed-for-a-higher-finish-25\/28701\"><br \/>\nStocks Headed for a Higher Finish<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/gold-prices-marginally-higher-silver-prices-in-red-2\/28698\"><br \/>\nGold Prices Marginally Higher; Silver Prices in Red<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/stocks-rebound-on-spain-rescue-hopes\/28696\"><br \/>\nStocks Rebound on Spain Rescue Hopes<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/general-dynamics-gd-declares-dividend-authorizes-share-repurchases\/28680\"><br \/>\nGeneral Dynamics &#8211; GD &#8211; Declares Dividend, Authorizes Share Repurchases<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/agilysys-agys-successfully-repositioned-the-company\/28681\"><br \/>\nAgilysys &#8211; AGYS &#8211; Successfully repositioned the company<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/rentrak-rent-tv-essentials-business-grew-90-percent-this-quarter\/28682\"><br \/>\nRentrak &#8211; RENT &#8211; TV Essentials\u2122 business grew 90 percent this quarter<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/francescas-holdings-fran-fy12-is-off-to-a-strong-start-as-we-continue-to-execute-on-our-differentiated-business-model\/28683\"><br \/>\nFrancesca&#8217;s Holdings &#8211; FRAN &#8211; FY12 is off to a strong start as we continue to execute on our differentiated business model<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Stocks have pared their early gains and are well off their session highs following comments from Federal Reserve Chairman Ben [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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