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MarketWatch for Thursday, October 10, 2013

If you're keeping on top of the stock markets this morning, Thursday, October 10, 2013...
If you're keeping on top of the stock markets this morning,   Thursday, October 10, 2013...


The Nikkei is up 157 points today in trading in Tokyo.
On Wall Street, the Dow actually rose 26 points Wednesday after days of sliding, apparently on investor hopes for a deal to end the Washington gridlock.
And the Nasdaq fell 17.


Federal Reserve officials were torn on whether to continue their stimulus program at their september meeting. Minutes from that meeting show nearly every member of the Fed thought the central bank should see more evidence that the economy was improving before slowing its bond purchases, but they worried that taking no action would confuse the financial markets.

The market got an early bounce after President Obama nominated Janet Yellen to succeed Ben Bernanke as the chair of the Federal Reserve.
"We have made progress we have farther to go the mandate of the federal reserve is to serve all of the American people...…and too many Americans don't have jobs and worry how they'll pay their bills and provide for their families," Yellen said.

Yellen is the Fed's current vice chair. If confirmed by the Senate, she's expected to continue Bernanke's policies and keep interest rates low.

Samsung took the wraps off the world's first smartphone with a curved screen. The new design is expected to improve comfort and convenience for users. The Galaxy Round has a 5.7 inch display and goes on sale today in Korea. There's no word on price or when it will be available in other countries. Rival LG announced this week that it would begin mass producing its own flexible curved screen phone that's expected to hit stores next year.



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