Markets Rise on Summers Exit, More Dreamliner Drama for Boeing: Market Recap
U.S. stocks rose today upon news that Lawrence Summers is no longer pursuing Ben Bernanke’s position as Chairman of the Federal Reserve and a deal with Syria over its use of chemical weapons was reached. The Fed begins a two-day meeting tomorrow to determine whether the U.S. economy is healthy enough to begin curbing stimulus. Former U.S. Treasury Secretary Janet Yellen was Summer’s top rival for the Chairman position.
Gold: +0.01% to $1,308.60 per ounce Oil: -1.75% to $106.32 per barrel U.S. 10-Year: -0.83 to 2.874%