The dow surged 175 points to a five year high, the nasdaq added 32, the s p was up 19 points. Investors and traders warmed to the Federal Reserve chairmans steadfast support of the Central Banks bond buying spree, he thinks the asset purchases are necessary to keep Interest Rates low in order to spur growth and boost hiring. The fed has been buying 85 billion a month in american i. O. U. s since last september. While it wont stop the strategy, it will soon Start Talking about how to stop. We havent done a new review of the exit strategy yet. I think we will have to do that sometime soon. Even if we dont sell any securities, it doesnt mean that our Balance Sheet is going to be large for many years, it just would be maybe an extra year, thats all it would take to get down to a more normal size. Tom other factors at play on wall street today included, an auction of italian bonds was well received, fending off new worries about the european debt crisis. And here in the u. S. , january dura
Chest. At apples annual Shareholder Meeting today, cook said the companys board remained in quote very, very active discussions about options for cash sharing. Some apple experts say the tech giant is more likely to divulge those options some time in march. I think they can modestly raise the dividend and modestly increase the buyback without doing anything special any other sort of financing things like that. What investors are looking for is a way to use that 100 a share in cash and getting it back to the u. S. For more dividends and more buybacks. Reporter the push for apple to share some of its wealth has accelerated this year, as the stock once a market darling lost a lot of its shine. After hitting a high of about 700 a share in september, it now trades in the mid 400s. This year alone the stock has slide 17 , as the Broader Market has rallied. But hoarding cash isnt apples only problem. Theres been a growing perception on wall street that apples Growth Prospects are dwindling. T
Meeting today, cook said the companys board remained in quote very, very active discussions about options for cash sharing. Some apple experts say the tech giant is more likely to divulge those options some time in march. I think they can modestly raise the dividend and modestly increase the buyback without doing anything special any other sort of financing things like that. What investors are looking for is a way to use that 100 a share in cash and getting it back to the u. S. For more dividends and more buybacks. Reporter the push for apple to share some of its wealth has accelerated this year, as the stock once a market darling lost a lot of its shine. After hitting a high of about 700 a share in september, it now trades in the mid 400s. This year alone the stock has slide 17 , as the Broader Market has rallied. But hoarding cash isnt apples only problem. Theres been a growing perception on wall street that apples Growth Prospects are dwindling. Thats as competition heats up for sma
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