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Market Wrap: Bernanke Defends Fed Action; JPMorgan CIO Exec Says 'So Long!'; Manufacturing on Fire

October 1, 2012 5:46 PM EDT

Market wrap-up for October 1st, 2012

End of the Day: S&P 500 up 3.8 to 1,444.49; Dow Jones up 78.0; Nasdaq down 2.7 to 3,113.53

The following is a brief summary of events moving markets today:He'll say it once and say it again: Fed chairman Ben Bernanke issued comments to the Economic Club of Indiana today, defending the Fed's role in fiscal policy and inflation. Following new rounds of stimulus announced in September, Bernanke today said rates would remain low due to economic growth not... More