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MarketWatch for Thursday, December 19, 2013

If you're keeping on top of the stock markets this morning, Thursday, December 19, 2013...
If you're keeping on top of the stock markets this morning, Thursday, December 19, 2013...

The Nikkei is up 271 points today in Japan.
On Wall Street, the Dow soared Wednesday, gaining 293 points and hitting another all time high.
And the Nasdaq gained 46.

The Dow responded after Federal Reserve Chairman Ben Bernanke announced the Fed will begin tapering its support of the us economy beginning in January. The central bank will reduce it's $85-billion a month bond buying program by $10 billion dollars a month. Bernanke cited a stronger job market as one reason for the pull-back.
 "At the same time,the recovery clearly remains far from complete, with unemployment still elevated and with both underemployment and long-term unemployment still major concerns," he said.

The holiday sales season is moving at a slower pace than expected. Shoppertrak is forecasting sales will be up by just more than 2 percent in November and the first half of December. The modest growth is partially a result of deep discounts that began early in the holiday season.
 
Apple is now taking orders for it's high end mac pro desk top computer. The black, cylinder shaped machine, manufactured in Austin, Texas is part of Apple's commitment to move production of it's computers to the U.S.  Ordering is online only -- and it's quite a holiday gift.  The Mac Pro cost about $3,000.

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