Nasdaq hits 3000 again, US Q4 GDP up 3%, ECB injects 530 billion euro
PUBLISHED ON: February 29, 2012 | Duration: 20 min, 29 sec
Nasdaq crossed 3000 for the first time in 12 years as the Dow traded within a narrow range in the US on Wednesday. However, the markets slipped after Federal Reserve Chairman Ben Bernanke’s testimony before the Congress. US fourth quarter GDP gave positive signals of recovery at 3 per cent on annual rate. European Central Bank injected 530 billion euro lifeline in Eurozone, making it the second bailout package through LTRO.