The Market Update

Stocks Like Bernanke Banter

Stock quotes in this article: NEW , HBC , F , GM , CAT , DCX , FDX , DE  

The tight labor market surely was not on the minds of autoworkers, who face more layoffs. DaimlerChrysler(DCX Quote) unveiled a restructuring plan that includes cutting 13,000 jobs in the next two years. Its shares soared 8.3%, and General Motors(GM Quote) and Ford(F Quote) got a small 0.4% and 0.7% boost respectively as well.

So the markets took Bernanke's testimony as a Valentine's Day gift, but the true test of a relationship comes amid regular every-day scenarios. The rest of the week brings data on housing, producer prices, industrial production and consumer sentiment. Investors would do well to remember that with many Bernanke-sparked rallies, the follow-through can be iffy.
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In keeping with TSC's editorial policy, Rappaport doesn't own or short individual stocks. She also doesn't invest in hedge funds or other private investment partnerships. She appreciates your feedback. Click here to send her an email.




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