Wall St rebounds as Bernanke calms nerves
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Stocks rose on Wednesday as Federal Reserve Chairman Ben Bernanke's comments that the economy was poised to grow moderately reassured investors, a day after the Dow's worst slide since the September 11 attacks.
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U.S. stocks jumped on Friday as surprisingly strong data on home sales and durable goods orders relieved anxiety about the economy and bolstered investor confidence after weeks of market turbulence.
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Stocks rebounded Wednesday after the previous session's 416-point plunge in the Dow industrials, as investors digested a barrage of economic data and found comfort in Federal Reserve Chairman Ben Bernanke's comment that no single trigger was responsible for Tuesday's selloff. Just before 11:30 a.m. EDT, the Dow was up 106.31 at 12,322.55.
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Stocks rose sharply and the Dow industrials hit a record high on Wednesday, boosted by comments from Federal Reserve Chairman Ben Bernanke that the economy will grow moderately as inflation eases.
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Wall Street stocks rebounded on Wednesday after the Federal Reserve revealed a number of measures designed to alleviate money market funding pressures.
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Federal Reserve Chairman Ben S. Bernanke told Congress yesterday that the markets were "working well" and the outlook for the U.S. economy was upbeat a day after Wall Street suffered its steepest decline in nearly four years.
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Stocks rose on Friday, rebounding from the previous session's steep losses, as bond yields retreated from their highs, easing some of the fears about rising borrowing costs.
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Stocks rose on Tuesday, as rate-sensitive banking stocks gained on hopes that Federal Reserve Chairman Ben Bernanke will do nothing to dim hopes for an interest-rate cut when he delivers a speech this morning.
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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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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.
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Stocks rebounded on Friday as bond yields retreated from their highs and oil prices fell, easing concerns about rising borrowing costs and inflation.
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Wall Street finished moderately higher in fitful trading Thursday as investors, still nervous about the economy, decided to buy back into the market.
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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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US stocks rebounded strongly on Thursday after MBIA (NYSE:MBI) helped alleviate some of the concerns about troubled bond insurers at the end of the worst January for equities since 1990.
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The Dow Jones industrial average posted its best week since November on Friday, helped by optimism about merger activity and reassuring comments about inflation from Federal Reserve Chairman Ben Bernanke.
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Wall Street extended its recovery after several stable sessions helped buttress investor sentiment and allay some concerns about the economy.
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Global stock markets steadied Wednesday a day after the worst slide in years as Wall Street nerves were calmed by Fed chairman Ben Bernanke and Shanghai clawed back some of its massive losses.