Senate Finance Committee holds health reform summit in Washington
Federal Reserve Board Chairman Ben Bernanke (L) lists as Senate Finance Committee Chairman Max Baucus, D-MT, speaks during the Committee's "Prepare for Launch" health reform summit in Washington on June 16 ,2008. (UPI Photo/Roger L. Wollenberg)
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U.S. markets churned higher Tuesday after the Commerce Department said price inflation remained muted in May.
President Obama indicated he would replace U.S. Federal Reserve Chairman Ben Bernanke when his term expires next year.
A monthly survey of U.S. economists found concern the Federal Reserve would adjust monetary policy based on inaccurate growth projections.
The price for a barrel of crude oil slipped to less than $95 per barrel on the New York Mercantile Exchange Tuesday with traders focused on monetary policy.
U.S. stocks retreated Wednesday after a disappointing jobs report had some traders wondering if the run-up since November has gone too far.
The Nikkei 225 stock index in Japan fell into in a correction status Thursday, which denotes at least a 10 percent drop from a recent peak.
Stocks rallied in Japan early Friday after the previous day's rout with the Nikkei-225 index gaining more than 3 percent to again top the 15,000 mark.
U.S. stock indexes complied with a timeless adage Thursday: What goes up must come down.
Crude oil prices dropped close to $93 a barrel Thursday in New York following Federal Reserve Chairman Ben Bernanke's comment about tightening monetary policy.
U.S. stock indexes turned down Wednesday following comments from Federal Reserve Chairman Ben Bernanke.
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