Arab Today, arab today bernanke fed action hints boost us stocks
Last Updated : GMT 02:28:27
Arab Today, arab today
Arab Today, arab today

Bernanke Fed action hints boost US stocks

Arab Today, arab today

Arab Today, arab today Bernanke Fed action hints boost US stocks

New York - AFP

Ben Bernanke\'s much-anticipated endorsement of more Federal Reserve stimulus Friday gave stocks a solid boost, though tempered by his picture of an economy that remains weak and vulnerable. At the close the Dow Jones Industrial Average was up 90.13 points (0.69 percent) at 13,090.84. The broad-based S&P 500 rose 7.09 (0.51 percent) to 1,406.57, while the tech-rich Nasdaq climbed 18.25 (0.60 percent) to 3,066.98. In his keenly awaited speech to central bankers, Bernanke warned that stagnation in the US labor market was \"a grave concern\" and signaled he would be pushing for more help for the economy when the Fed\'s policy board meets in 12 days.

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