Markets closed mixed on Wall Street: DJI -0.39% SP500 -0.27% Nasdaq +0.24% Gold -0.96%
The markets were mixed because:
- The market threatened to sell if Bernanke doesn’t deliver QE2 as hyped. Looks like China and other strong nations might be tampering future quantitative easing in the US. Don’t Miss: Where is the Edge in Today’s Market? >>
- Earnings were disappointing. Big companies like Kimberly-Clark (KMB) and Sprint (S) got whacked. Don’t Miss: Today’s Earnings Cheat Sheets >>
- Gold (GLD) got whacked like a mob hit. A fear of less quantitative easing had some of the hot money taking profits off the table.