U.S. stocks rose on Friday after Federal Reserve Chairman Ben Bernanke, expressing "grave concern" for the stagnating U.S. job market, said the central bank was prepared to take further steps to strengthen the economy if necessary.
The Dow Jones industrial average rose 90.13 points, or 0.69 percent, to 13,090.84. The Standard & Poor's 500 Index closed up 7.10 points, or 0.51 percent, at 1,406.58. The Nasdaq Composite Index was up 18.25 points, or 0.60 percent, at 3,066.96.
No comments:
Post a Comment