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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Overnight Asia, Europe Markets Point To Higher Open On Wall Street

Wall Street looks to continue its Friday rally, following overnight gains in the Asia and Europe markets, pegged to promising housing news from the U.S. last Friday and optimism from Fed Chairman Ben Bernanke.

Stock futures are rising pre-market this morning, pointing to a moderate rally at opening.

The world markets were also cheered by Bernanke's most optimistic remarks to date on the state of the U.S. economic recovery, as The Post's Neil Irwin writes here.

Since hitting the early March bottom, the Dow is up about 45 percent, the S&P 500 is up about 52 percent and the tech-heavy Nasdaq is up nearly 60 percent.

-- Frank Ahrens

By Frank Ahrens  |  August 24, 2009; 9:24 AM ET
Categories:  The Ticker  | Tags: Ben Bernanke, Dow Jones, nasdaq, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: August 21, 2009
Next: Dr. Doom Is Back! Roubini Makes Case for 'Double Dip' Recession

Comments

Clean up WALL STREET, then recovery can begin but will still take a decade.

There is a culture of omnipotence that has been very pervasive throughout all of Wall Street’s major firms during the past two decades. It has also been very destructive.

America needs to clean house before a serious recovery can begin, and confidence reinstated.

http://pacificgatepost.com/2009/08/america-end-your-fear-of-wall-street.html

Posted by: JamesRaider | August 24, 2009 5:26 PM | Report abuse

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