Wall Street Week Ahead: Time for some more stimulus?
NEW YORK (Reuters) – Things are shaping up for another hot summer on Wall Street, and there is a long, long way to go yet. Federal Reserve Chairman Ben Bernanke will be back on Capitol Hill on Thursday to testify before a congressional committee about the state of the U. S. economy. He’s not going to get an easy ride. The blue-chip Dow average of stocks is now negative for the year. Employment appears to be slowing to a snail’s pace and Europe remains mired in crisis. "This puts the Fed firmly in play and they will likely feel compelled to respond," said Tom Porcelli, chief U. S. . . .
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