Cautiously upbeat remarks on inflation from Fed Chief Ben Bernanke helped stocks move up. Details from Bloomberg...
The Dow Jones Industrial Average jumped 198 points (1.7%) to close at 11,628, the S&P 500 Index advanced 14 points (1.1%) to 1,292, while the Nasdaq Composite rose 34 points (1.4%) to 2,415. Crude oil fell $6.59 to $114.59 per barrel, and gold ended down $11.30 at $827.70 per ounce. For the week, the DJIA closed 0.3% lower, the S&P 500 Index was down 0.5%, and the Nasdaq Composite fell 1.5%.
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