Twitter IPO, Intel Layoffs, Apple’s Japan Deal: Market Recap
U.S. stocks rose Friday as poor economic data had investors hopeful that the Fed’s stimulus cuts won’t be very aggressive. The Federal Reserve is set to meet next week to discuss the tapering of stimulus, which Chairman Ben Bernanke has said the central bank will only do if the U.S. economy is ready. Reports on retail sales and consumer sentiment from August showed that the economic recovery is still going very slowly.
Gold: -0.29% $1,360.10 per ounce; Oil: -0.07% to $107.31 per barrel; U.S. 10-Year: -0.31 to 2.898%.