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August 29, 2008 4:22:40 CDT

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Stocks Flat After Roller Coaster

Posted Feb 27, 08 3:21 CST in Business 

(Newser) – Stocks ended mainly flat after mixed news had indices seesawing throughout today's session, the Wall Street Journal reports. Economic news was bad in general, but Federal Reserve chairman Ben Bernanke and housing regulators cheered the markets with upbeat comments. The Dow ended up 9.36 to 12,694.28, the Nasdaq up 8.79 to 2,353.78, and the S&P down 1.27 to 1,380.02.

Still, this marks the fourth consecutive day of gains for the Dow, the Journal notes. And some investors are starting to bet that there won't be many more big pieces of bad news. "We're starting to see some signs that home sales could reach a bottom, perhaps in mid-year 2008," says one bond strategist.

Sources Wall Street Journal, Bloomberg, CNN, Financial Times (UK)

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Aaaaaaaaaah! Mixed market indicators! (AP Photo/Seth Wenig)   (Associated Press)
Visitors to Astroland park enjoy a spin on the Cyclone roller coaster on opening day of the amusement park in the Coney Island section of the Brooklyn borough of New York, in this April 1, 2007 file photo....   (Associated Press)
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stock market  • credit crisis  • Ben Bernanke  • subprime crisis  • home sales


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