US MARKET BREAKING NEWS 26/8

1.Second-Quarter Economic Growth Revised Down to 1.0%, Slightly Less than Expected; Corporate Profits Up 0.8% in 2Q.


2. Stocks opened lower Friday following a weaker-than-expected second quarter GDP report and as investors cautiously waited for Bernanke's speech at a banking conference in Jackson Hole, Wyoming.

3.Consumer Sentiment Sinks to 55.7 in August, In Line with Estimates and Better Than Earlier in the Month.


4. Bernanke Stays the Course, Says Fed To Consider Additional Tools in September.

5. Stocks gained in a choppy session Friday after Bernanke said the Fed remains ready to use additional tools to help the economic recovery, but stopped short of explicit talk of another round of monetary easing. Techs rose, while the volatility index plunged.
 

6. Stocks finished higher in a volatile session Friday after after Bernanke's speech raised hopes that the Fed may consider further stimulus measures to boost the economy during an extended policy meeting next month.

 

7. New York Orders Mandatory Evacuation of People Living in Low-Lying Areas of City.