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For the first time ever, the chairman of the Federal Reserve spoke last week to a national audience regarding the Federal Open Market Committee’s (FOMC) monetary policy.

Equity markets shrugged off the press conference as a nonevent, but they did move sharply higher on strong earnings results. 2011 estimates for the S&P 500 have been slowly creeping toward $100 per share.

Read more in our Weekly Market Summary. (PDF, new window)

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