Stocks surged Tuesday afternoon, despite weak economic news and dour comments from the Federal Reserve chair, with the Dow and S&P 500 bouncing off yesterday's nearly 12-year lows.
Everybody is feeling the pain of this recession and bear market. But older Americans, especially those living on fixed incomes, are really getting squeezed. And it's not fair.
The dollar was mixed against European currencies Tuesday, while remaining strong against the yen, as investors gear up for key economic data and remarks from Federal Reserve chairman Ben Bernanke and President Obama.
Stocks were set to bounce up at Tuesday's open, with two major indexes coming off nearly six-year lows, on a day that will feature the Fed chairman's congressional testimony and President Obama's speech to the nation.
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Stocks surged Tuesday afternoon, despite weak economic news and dour comments from the Federal Reserve chair, with the Dow and S&P 500 bouncing off yesterday's nearly 12-year lows.
Everybody is feeling the pain of this recession and bear market. But older Americans, especially those living on fixed incomes, are really getting squeezed. And it's not fair.
Treasury prices held close to even Tuesday, as investors awaited another large government debt auction.
The dollar was mixed against European currencies Tuesday, while remaining strong against the yen, as investors gear up for key economic data and remarks from Federal Reserve chairman Ben Bernanke and President Obama.
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Stocks were set to bounce up at Tuesday's open, with two major indexes coming off nearly six-year lows, on a day that will feature the Fed chairman's congressional testimony and President Obama's speech to the nation.
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