Markets closed mixed on Wall Street: DJI –0.29% SP500 +0.2% Nasdaq +1.37% Gold –0.65%
The markets were mixed because:
- GE (GE) and Bank of America (BAC) pooped on the party. GE announced disappointing earnings and BAC may get slaughtered by the foreclosure crisis. Should you pull the plug on shares of GE? >>
- But Google (GOOG) and Advanced Micro Devices (AMD) made sure Silicon Valley was rocking. Shares of the two tech firms jumped strong after showing skeptics we’re definitely not in a depression. Don’t Miss: Our Earnings Cheat Sheets for Google and AMD >>
- Financial high priest Ben Bernanke gave a speech and reiterated the Fed is ready for QE2. That news has already caused a few explosive rallies.