Miss. River reopened; CG searches for sunken tug The Coast Guard says it has reopened a stretch of the Mississippi River in southeastern Louisiana that was shut down as a precaution after a tugboat sank. The Mississippi from its mouth to mile-marker 10 was reopened Sunday evening to alternating one-way vessel traffic after no navigation hazards were detected. The Coast Guard announced the reopening in a news release. It was unclear when the stretch of river would be open to two-way traffic. Authorities are still searching for the 48-foot tug C-Pec, which sank Saturday afternoon. The cause isn't known. Two people aboard were rescued. River traffic was halted in both directions and at one point Sunday afternoon at least 50 vessels were waiting to travel.
The consensus on when the Fed will buy wholesale Jordan 5 grape start cutting back its stimulus sits firmly in September of this year, with 11 of 16 primary dealers believing that, according to a Reuters poll, compared with seven of 17 in the June 19 Reuters poll. On May 22, Bernanke said the quantitative easing program would be slowed if economic growth met the Fed's targets. Investors interpreted that as an indication of an early exit, sparking a steep slide in stocks and a surge in U.S. Treasury yields that prompted how to order Jordan 5 grape Goldman Sachs to close its recommendation that investors buy rate-sensitive names. "The market is so inundated with voices from Fed officials - some far more reassuring than what we heard from Bernanke - that there's a lot of confusion," said Kristina Hooper, head of portfolio strategies at Allianz Global Investors in New York. "Hearing him next week will settle things, especially on the heels of the jobs report," she said. "This is such a data-driven environment that to get a sense of how the grape 5s Fed is viewing things is critical." Stocks have stabilized after the recent decline. On Friday, the S&P 500 closed above its 50-day moving average for the first time since June 19. For the week, the Dow Jones industrial average .DJI rose 1.5 percent, the S&P 500 .SPX gained 1.6 percent and the Nasdaq .
Dow component Alcoa Inc (AA.N) will post results after the market closes on Monday. JPMorgan Chase & Co (JPM.N) and Wells Fargo (WFC.N) are also set to report results later in the week. Second-quarter revenue outlooks for S&P 500 companies - with three negative forecasts for every one that's positive - are among the most negative of the economic recovery, according to Thomson Reuters data. "We think companies will exceed and beat that low bar. So while Bernanke can always change the conversation, we think the news flow next week should be decent," S&P's Young said.