Federal Reserve Chairman Ben Bernanke acknowledged the dangers faced by the economy and suggested the Fed was ready to act aggressively in order to support economic growth. Details from Bloomberg...
The Dow Jones Industrial Average gained 118 points (0.9%) to close at 12,853, the S&P 500 Index rose 11 points (0.8%) to 1,420, and the Nasdaq Composite advanced 14 points (0.6%) to 2,489. Crude oil finished down $1.96 to $93.71 per barrel, and gold ended $12.90 higher to another all-time high of $894.60 per ounce.
Magnificent Seven Update
