Tuesday’s Mid-Day Movers: 3 Stories Driving Markets

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The major markets were gaining Tuesday, awaiting the Federal Reserve’s policy meetings. As of 12 p.m.:

DIJA: +0.72% to 15288.72 S&P 500: +0.56% to 1648.25 NASDAQ: +0.63% to 3473.94
Gold: -2.59% to 72.85 Oil: -0.09% to 22.76 U.S. 10-Year: +0.92% to 21.91
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Here are three stories helping shape the market Tuesday afternoon:

1. Obama: Bernanke’s Been Around Longer Than He Was Supposed To: “He’s already stayed a lot longer than he wanted or he’s supposed to… [but] he has been an outstanding partner, along with the White House, in helping us recover much stronger than, for example, our European partners.”

It’s hard not to imagine this being something that would send the Bartlett administration White House spiraling into a minor public relations nightmare on the West Wing. Nothing that requires its own arc, but maybe one good scene where the press secretary reiterates that the President thinks that Bernanke has done a good job as chairman of the Fed…(Read more.)

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