Stock Market

My name is Dan Regovich and I am a recruiter that specializes in the Plastics Industry.

Per CNN.COM:
By Catherine Clifford, CNNMoney.com staff writer
NEW YORK (CNNMoney.com) -- Wall Street gave up earlier gains Tuesday after Federal Reserve Chairman Ben Bernanke warned that the economic recovery would be slow and gradual.

Midway through the session, the Dow Jones industrial average (INDU) was nearly unchanged, flipping on either side of the breakeven mark. Meanwhile, the broader S&P 500 (SPX) index fell 4 points, or 0.4% and the tech-laden Nasdaq Composite (COMP) gave up 10 points, or 0.5%.

Earlier in the session, the Dow led a charge on the back of a strong report from component Caterpillar and optimism about better-than-expected second-quarter earnings.

Wall Street rallied Monday, lifted by optimism about corporate profits for the second quarter.

Monday's rally pushed the blue-chip index into positive territory for 2009, the first time in more than 5 weeks that it has shown a gain. The S&P 500 ended at its highest level in more than 8 months and the Nasdaq stretched to its highest level since early October.

Bernanke: Fed chairman Bernanke, in prepared testimony before a House committee, said the pace of economic decline has "slowed significantly" but the labor market has gotten worse. He cautioned that improvement is uncertain and likely to be gradual going forward.

Prior to his testimony, Bernanke outlined his "exit strategy" from the current low interest rate policy in a Wall Street Journal guest column. Bernanke defended the aggressive roles of the Fed and its ballooning balance sheet in the current crisis, saying "These actions have softened the economic impact of the financial crisis."




Dan Regovich - Plastics Recruiter
AJ Augur Group, LLC
440-357-7600
www.ajaugur.com
dregovich@ajaugur
Formerly with RSI Recruiter Solutions International

Dan Regovich Plastics Recruiter AJ Augur RSI