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Bullish investors bid up stocks in the early going on speculation the Federal Reserve may act again to stimulate the economy.
This after the head of the Federal Reserve Chicago bank city supports more action to boost the economy.
Import prices in May slipped 1% matching economists' estimates that shows inflationary pressures remain under control.
Export prices last month slipped more than expected falling four tenths of 1%.
Shares of fashion design house Michael -- jumped at the open the company said first quarter profit more than doubled from a year ago.
Semiconductor stocks are under scrutiny after Bellwether Texas Instruments lowered its second quarter revenue and profit forecast.
The chip maker's stock was lower in early trading after the mid quarter update for investors.
The financial crisis took a heavy told on the wealth of Americans.
The Federal Reserve reports a 40% decline in household wealth between 2007.
Median family income slid 8% during that period.
The biggest culprit was the tumble in home values which overshadowed smaller credit balances on average.
And there may be some good news for job seekers -- powers latest survey shows 11% of employers plan to add workers in the third quarter.
That's 1% higher than this quarter and up 3% from the third quarter of last year.
Still manpower officials say the plan pace of hiring -- still about half the level of a healthy job market.
That's business for more on Apple's latest products from its developers -- in San Francisco -- on a foxbusiness.com.
In New York I'm Robert Gray.
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