SmarTrend Market Close Wrap-Up: August 27, 2010
The major US equity indices closed Higher Friday following Federal Reserve Chairman Ben Bernanke’s comments that the Fed will mull over another large-scale securities purchase if economic conditions continue in a considerable downtrend. Bernanke also said that the US economic outlook remains uncertain. The Reuters/University of Michigan consumer confidence index received a slight boost in August to 69.9, up from 67.8 in July.