Monday, May 21, 2012

Market Summary 21-5-2012

Expansionary Chinese Monetary Policy Pushes Markets Up 


Market Summary

Chinese Premier Wen Jiabao promised an expansionary policy in order to stimulate the country's consumption, and markets responded positively after three weeks of losses. In corporate news, Facebook (FB) disappointed today as its stock dipped over 10 percent below its initial IPO price. Meanwhile, Lowe's (LOW) saw sales fall in Q1 and was punished in the markets for it.

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