Market rebounds on renewed buying, Bernanke
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Stocks jumped in volatile trading on Wednesday, with all three major stock indexes briefly topping 1 percent, as investors took advantage of cheap equity prices a day after the market suffered its worst slide since 2001.
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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 slide since the  September 11, 2001, attacks.
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Ben S. Bernanke said that he expects the economy to regain speed after a few months of âsluggishâ growth.
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Stocks rallied on Monday as investors snapped up shares of manufacturers and downtrodden banks after more weak housing data bolstered expectations the Federal Reserve will slash rates later this week.
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Stocks opened higher on Wednesday as the market rebounded from its worst slide since 2001, boosted by investors snapping up attractively priced equities.
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Stocks recovered Wednesday from the previous session's brutal selloff, helped by comments from Federal Reserve Chairman Ben Bernanke. Tuesday's market meltdown was triggered by a sharp fall in Chinese shares and signs of U.S. economic weakness.
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Stocks leapt on Wednesday after Federal Reserve Chairman Ben Bernanke suggested the economy was growing but not so quickly as to fan inflation.
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The dollar and euro recovered against the yen, amid a rebound for global stock markets, dealers said Tuesday.
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European equities rallied on Friday, recovering their poise after losses in the previous session were sparked by concerns over the prospect of rising interest rates.
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Federal Reserve Chairman Ben Bernanke predicted Tuesday the economy will rebound from an anemic performance at the start of the year even if the housing slump continues.
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Stocks rallied and the Dow industrials hit a record high on Wednesday as investors welcomed Federal Reserve Chairman Ben Bernanke's assessment that the economy would grow moderately as inflation eases.
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The dollar rebounded on Wednesday as  investors focused on relative interest rates, which  increasingly were expected to favor the dollar, and reversed  some bets against the currency.
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Ben Bernanke on Tuesday fueled expectations of a vigorous bounce-back in US growth in the second quarter following very weak first quarter growth.
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NEW YORK: Wall Street resumed its year-end rally on Tuesday, bolstered by a new report which showed consumer confidence had jumped sharply in recent weeks.
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U.S. stocks rallied on Wednesday, sending the Dow Jones industrial average to a record close, as investors were relieved by Federal Reserve Chairman Ben Bernanke's comments that inflation is poised to ease while the economy grows moderately.
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke predicted Tuesday the economy will rebound from an anemic performance at the start of the year even if the housing slump continues.
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European equity markets rallied on Thursday after Wall Street bounced strongly following comments from Ben Bernanke, Federal Reserve chief, that raised hopes of US rate cut.