U.S. stocks closed flat on technical support

U.S. stocks rallied on Friday and closed with its biggest one-day gain in nearly four weeks, to overcome a lower sales warning from chip maker Intel and hawkish comments from Fed Chairman Ben Bernanke.
Strong buying interest from a key technical level and share purchases to cover short sales led the rebound, and the tone improved as investors assessed comments from Bernanke, in the sense that the Fed is ready to act if necessary . Bernanke said in a conference with central bankers that the recovery has weakened more than expected, and the u.s. stocks is closed but the central bank is ready to take further action if needed to stimulate the economy.

U.S. stocks

he Fed chairman downplayed concerns that the U.S. can fall back into recession. "Bernanke found the right tone by saying 'we know that things are weaker than expected, but still think we're going to overcome it,'" said Scott Marcouiller, technical strategist at Wells Fargo Advisors. the big problema that was generate the u.s. stock closed caused Intel Corp a momentary low in the major indexes to announce that its third-quarter sales may be over 1,000 million dollars under its provisions. However, u.s. stock closed and the chip maker's shares rose 1.1 percent to $ 18.37, after falling more than 15 percent since late July. The Dow Jones industrial average rose 164.84 points, or 1.65 percent, to 10150.65 points. The Standard & Poor's 500 Index gained 17.37 points, or 1.66 percent to 1064.59 points.

U.S. stocks closed

The Nasdaq Composite gained 34.94 points, or 1.65 percent, to 2153.63 points. For the week, the Dow Jones lost 0.6 percent, the S & P 500 fell 0.7 percent and the Nasdaq fell 1.2 percent. Both the Dow and the S & P 500 chained his third straight week of losses. The market and u.s. stock closed and had begun to rise, by a report of economic growth in the second quarter, but was revised down was better than expected. The debate over whether the economic recovery is losing momentum or the country is headed for a relapse into recession pressured the market. Actions that benefit most from the strength of the economy were among those who led the increases. The roles of heavy equipment maker Caterpillar rose 3 percent to $ 65.9, and those of Boeing gained 3 percent, to $ 63.16 and the u.s. stock close.

Wall Street lower after consumer confidence data

U.S. stocks fell on Friday for the third consecutive session after data showed that consumers saw an improvement in lean economy.Retail sales rebounded in July, but showed signs of weakness in the economy, while consumer confidence appears to have stabilized in August, but was still nervousness in the short term.
The reports showed the economy has slowed considerably in recent months, but the numbers were strong enough to mitigate fears of a new recession."Consumer confidence was slightly higher, but the market is convinced that there is a remote risk of a new recession. This suggests that the figures could be weak in the important month of back to school, giving reasons for the pessimism push down the market, "said Jeff Kleintop, chief market strategist at LPL Financial.

Wall Street Market

The Dow Jones industrial average was down 0.15 percent, to 10304.70 points, the Standard & Poor's 500 lost 0.26 percent to 1080.84 and the Nasdaq Composite fell 0.49 percent, to 2179.54.
If the indexes closed lower on Friday, could be the biggest weekly drop in six weeks.
J.C. shares Penney Co Inc fell 2.2 percent to $ 20.34 after the retailer reported quarterly earnings better than expected, although the forecast failed the expectations of Wall Street.
Google Inc shares were down 1 percent and Research In Motion Ltd. slid 1.3 percent, weighed on the Nasdaq.
India could veto Google messaging services due to security fears, said the Financial Times. The government is seeking a similar measure with BlackBerry services from Research In Motion Ltd.
Separately, Google was sued by Oracle Corp for alleged violation of patents related to its popular program for Android phones.