US: Stocks jump as Bernanke says economy near recovery
Sat Aug 22 01:29:35 EST 2009
US stocks are rallying after Federal Reserve Chairman BEN BERNANKE told investors what they wanted to hear .. The US economy is indeed on the verge of recovery.
Major stock indicators .. which were up moderately before his comments .. surged more than one per cent.
The Dow Jones industrial average is up 127 at 9,477.
The Standard & Poor's 500 index is up 15 at 1,022, while the Nasdaq composite index is up 22 at 2,011.
