Stocks rebound on Bernanke assurance
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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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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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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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Federal Reserve Chairman Ben Bernanke said on Wednesday this week's sharp stock market drop had not changed the Fed's view that the U.S. economy was sound, remarks that helped shaken markets regain confidence.
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Ben Bernanke on Tuesday fuelled market expectations of a vigorous bounce-back in US growth in the second quarter following very weak first-quarter growth.
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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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Stocks rebounded on Wednesday after Federal Reserve Chairman Ben Bernanke said he still sees the economy growing moderately and investors found stock prices attractive after Tuesday's sell-off.
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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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NEW YORK, Aug. 24 -- Stocks rallied Friday on good economic reports, easing investor nerves despite worries over the fragile credit market.
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U.S. stocks rose on Thursday, driving the Dow to its first close over the 14,000 mark, after forecast-topping results from the technology and industrial sectors shifted the market's focus back to earnings optimism, even as Fed Chief Ben Bernanke fanned concerns about the subprime market.
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Stocks rebounded on Thursday as mildly encouraging employment and manufacturing data provided relief to investors worried about the economy, a day after an unusually weak start to 2008.
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Wall Street stocks rebounded on Wednesday morning, following sharp falls in the leading indices on Tuesday.
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U.S. stocks rose on Tuesday after the  Federal Reserve increased interest rates for a third time this  year and said the economy had "regained some traction,"  matching market expectations.
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Stocks rose on Tuesday as expectations of another Federal Reserve interest rate cut to shore up the economy fueled a further recovery in shares of banks, insurers and home builders.
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The stock market rose for the week as upbeat economic news offset concerns about inflation and interest rates.
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Stocks bounced back 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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Stocks rose on Wednesday after higher-than-expected earnings from farm equipment maker Deere & Co.  and others, but traders were cautious before congressional testimony from Federal Reserve Chairman Ben Bernanke.