After the latest Fed announcement, one Wall Street pro says the best bets for August are the S&P 500 stocks that can grow organically without Bernanke being involved.
A private equity group made up of Bain Capital LLC and Golden Gate Capital Corp has emerged as the lead contender to buy BMC Software for more than $6.5 billion, three people familiar with the matter said on Tuesday.
Stocks finished higher Wednesday, wiping out most of the past week's losses, after the Federal Reserve reaffirmed its policies on bond purchases and record-low interest rates and as investors shrugged off concerns over Cyprus.
Stocks finished higher across the board Friday with the Dow setting a new record high and all three major averages up more than 2 percent for the week, boosted by a stronger-than-expected monthly government payrolls number.
Wall Street closed mixed on Monday, as stocks struggled to extend the January rally for another session. Apple led tech stocks higher with a 2 percent rebound while Caterpillar gave support to blue chips following its earnings report.
Stocks closed higher Friday, with the S&P 500 ending above 1,500 and logging its longest winning streak since November 2004, boosted by a batch of upbeat earnings. All three major averages turned in their fourth-consecutive weekly gain.