Market Features
The tight labor market surely was not on the minds of autoworkers, who face more layoffs. DaimlerChrysler(DCX) unveiled a restructuring plan that includes cutting 13,000 jobs in the next two years. Its shares soared 8.3%, and General Motors(GM) and Ford(F) 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.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.03 |
Oil *
103.16
|
|
DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
0.22 |
10 Yr
1.60%
SPDR Gold
151.91
|
|
-1.28%
|
-1.43%
|
-1.17%
|
-1.35%
|
Data delayed 20 minutes |
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