Equities changed little Wednesday with the blue-chip S&P 500 index posting marginal gains as investors decided to wait in the wings ahead of ECB’s all-important policy meeting Thursday. Meanwhile, Bloomberg reported the European Central bank is ready with its blueprint, called the “Money Outright Transactions,” to embark on an unlimited government bonds buying plan with maturities of three years or …
Going Nowhere In A Hurry Ahead Of Bernanke Speech; Draghi Skips Jackson Hole Citing Work
[Chart courtesy of MarketWatch.com] US blue-chip stocks closed lower Tuesday while the NASDAQ composite finished in the green to extend gains for the second straight session as investors cheered better-than-expected housing data even as consumer confidence plummeted ahead of a potentially market-moving speech by the US Fed chairman later this week. The S&P/Case-Shiller index that surveys home price across 20 …