Wall St bounces back as Bernanke calms nerves
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U.S. stocks rebounded on Wednesday after Federal Reserve Chairman Ben Bernanke said the economy was set to grow moderately, calming investors' anxiety a day after the Dow industrials had its worst tumble since the September 11, 2001, attacks.
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Stocks rallied on Tuesday, bolstered by confidence the Federal Reserve will cut interest rates next week, another round of upbeat outlooks from technology companies, and solid sales from McDonald's Corp.
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The Dow industrials bounced back on Thursday from a weak start to 2008 after employment and manufacturing data provided relief to investors worried about a possible recession.
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Stocks rallied Wednesday, pushing the Dow Jones industrial average to a new all-time record and the S&P 500 to a fresh 6-1/2 year high, after investors cheered comments from Federal Reserve Chairman Ben Bernanke.
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Stocks surged on Friday as President Bush and Federal Reserve Chairman Ben Bernanke reassured investors they would do what was needed to shelter the economy from market turmoil.
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US stocks rebounded from their worst levels on Tuesday, but a Federal Reserve' rate cut, just a week before its official January meeting starts, failed to arrest pessimism about the US economy and corporate earnings.
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World stock markets cranked back into gear on Tuesday, recovering some of their recent heavy losses as investors pinned their hopes on another US interest rate cut.
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Stocks regain some of Tuesday's losses as Fed chief indicates everything is okay.
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Stocks rallied early Wednesday - pushing the Dow industrials to a record trading high - after Federal Reserve Chairman Ben Bernanke said inflation pressures appear to have eased.
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The leading share index fell back slightly on Thursday after Wall Street was dragged down by pessimistic comments from Federal Reserve chairman Ben Bernanke about the future prospects for the US economy.
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U.S. stocks rebounded modestly on Wednesday as Federal Reserve Chairman Ben Bernanke reassured investors that the economy was set to grow moderately, a day after the Dow industrials' worst slide since the September 11, 2001, attacks.
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Wall Street rebounded moderately as oil prices dropped further and investors shrugged off a warning about declining housing demand.
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Stocks jumped on Friday as surprisingly strong data on home sales and factory orders relieved anxiety about the economy and bolstered confidence after weeks of market turbulence.
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Stocks soared on Wednesday, sending the Dow Jones industrial average to an all-time high, as investors drew confidence from Federal Reserve Chairman Ben Bernanke's comments that inflation is poised to ease while the economy grows moderately.
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Federal Reserve Chairman Ben Bernanke expressed confidence on Wednesday in the health of the U.S. economy despite a housing slowdown, but warned of risks to the current generally benign outlook for inflation.
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Stocks shot higher after the Fed indicated that the economy remained healthy and that inflation pressures were easing.
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Wall Street stocks rallied strongly on Wednesday after Ben Bernanke offered reassurance that the Federal Reserve was &quot;closely monitoring developments&quot; in financial markets and was &quot;prepared to act&quot; if required.