Federal Reserve Chairman Ben Bernanke to Address Congress Today – Market Update

Quicken Loans Market Update Ben Bernanke is scheduled to address the current conditions of the U.S. economic recovery during his second day of testimony before congress today. Also, the 10-year yield has dropped a couple basis points this morning.

What’s Up On Wall Street?

All the U.S. indexes closed in the green yesterday as Bank of America rebounded from their enormous second quarter loss in 2011 by reporting a profit in the second quarter of this year. The Dow Jones Industrial Average closed up 78.33 points (0.62 %). Also, the Nasdaq Composite is up 13.10 points (0.45 %). Finally, the S&p 500 closed up 10.03 points (0.74 %).

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