Investors eye Bernanke, stocks keep gaining
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Investors kept one eye clearly focused on upcoming congressional testimony from Federal Reserve Chairman Ben Bernanke on Wednesday while equities again drove close to record highs.
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The U.S. economy is poised to expand at a moderate rate and "uncomfortably high" core inflation should ease, but price risks are tilted mostly to the upside, Federal Reserve Chairman Ben Bernanke said on Tuesday.
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NEW YORK - Strong earnings from financial services companies and upbeat economic data pushed stocks higher Tuesday, but many investors clung to the sidelines ahead of the Federal Reserve's decision on interest rates, expected later in the session.    Investors may be seeing some buying opportunities after Monday, when gloomy outlooks from the consumer staples group weighed heavily on the market; a strong reading on new housing construction provided additional incentive...
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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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Good news from the President and Bernanke help investors decide now is the time to buy.
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The Dow Jones industrials rose while the S&P 500 and Nasdaq traded off its lows on Thursday after comments by Federal Reserve Chairman Ben Bernanke raised expectations that Fed policy-makers will make further interest rate cuts.
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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 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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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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Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that the administration and federal regulators are closely monitoring financial markets in the wake of the biggest sell-off in stock prices in more than five years but so far the markets appear to be "working well."
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Fed Chairman Bernanke struck a familiar chord Wednesday but with some concern about subprime problems spilling into the broader economy.
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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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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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Wall Street cheers Bernanke's big cut. Should the rest of us be as excited?
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U.S. 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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Wall Street's roller coaster ride continued yesterday as investors wondered whether the economy is heading up or down.