Stocks move in narrow range as investors set aside the inflation concerns and await bernake speech at 12.00 E.T.
The Fed has showed its efforts to revive the market by announcing its plan to buy treasuries notes. The market initially reacted positively on the move yet pull back Thursday over the worries of inflation.
Bernanke will be speaking on the financial crisis a bank convention in Phoenix. The speech is set for noon EDT.
In midday trading, the Dow is up 13 points at 7,414. The Standard & Poor's 500 index is down 2 at 782, while the Nasdaq composite index is down 2 at 1,482.
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