The Standard & Poor’s 500 Index rose toward its longest monthly gain since March as Federal Reserve Chairman Ben S. Bernanke said he wouldn’t rule out more steps to lower a jobless rate he described as a “grave concern.”
Most U.S. stocks advanced, sending the Standard & Poor’s 500 Index higher for a third day, as a rally in banks helped the market recover from an early slump spurred by growing signs Europe may slip into a recession.
Gerry Adams , president of Irish nationalist party Sinn Fein, is selling a clear message ahead of Ireland’s election this month: burn the bank bondholders and send the International Monetary Fund home.
The Standard & Poor’s 500 Index may rise 5 percent and then fall 20 percent by April as growth slows in the U.S. and emerging markets, said Bob Janjuah , co-head of cross-asset allocation strategy in London at Nomura Holdings Inc.
Barton Biggs warned of a U.S. stock- market bubble as early as January 1997 and stayed bearish for most of the following three years as the Standard & Poor’s 500 Index surged more than 90 percent to a record.