The opening of the market by sounding the gong marks the start of the Deloitte Ladies Open.
The Deloitte Ladies Open takes place from Friday 24 to Sunday 26 May. The tournament celebrates its 18th edition, that is held in Amsterdam, at The International Golf Course, for the first time. Deloitte is the title sponsor of the event for the third year in a row, KLM and ABN AMRO are partners of the event.
Through ticket sales and public actions the tournament raises money for the Diabetes Research Foundation Netherlands (DON), that finances fundamental research for a cure for diabetes and supports scientists in their research for a cure for this debilitating disease.
U.S. stocks finished lower amid choppy trade after Federal Reserve Chairman Ben Bernanke said the central bank needed to see further signs of traction in the economy before it cut back its economic stimulus efforts. All major sectors erased earlier gains with the Dow experiencing a 234 point reversal from its intraday high. Utilities, Energy, and Materials led markets lower, while Healthcare and Staples fared the best. Gold and Crude Oil are lower.
Bernanke said the Fed’s monetary stimulus plan is helping the U.S. economy recover, and offered no sign that he is ready to retreat from the Fed’s latest round of bond buying. FOMC officials also said more progress in the labor market is needed before deciding to slow the pace of asset purchases.
Dow closed down 80.41 pts/-0.52% to 15,307.17; 22 of the 30 Dow stocks closed lower.
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