NEW YORK ( TheStreet) -- While tech closed in the red, the broader market jumped higher on news that Lawrence Summers will not be nominated as chairman of the Federal Reserve by President Obama.On CNBC's "Fast Money" TV show, Brian Kelly pointed out gold spiked on the Summers news before falling, with equities having a weak close. He added the pace of Fed bond tapering would be important to the market and the coming debt ceiling debate would likely weigh on equities.
'Fast Money' Recap: Summers' Fall, Market's Rise
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