SITE HELP • SITE MAP
 
The Janesville Gazette
WCLO
WJVL
Walworth County Today

ADVERTISEMENT
News » Money
May 22, 11:46 AM EDT

Stocks rise after Bernanke signals no quick end to stimulus and home sales rise

AP Photo
AP Photo/Richard Drew
Business Video
Latest Market News
Stocks fall in early trading on Fed stimulus concern, contracting Chinese manufacturing

Uncertainty about Federal Reserve's commitment to economic stimulus sends markets lower

US equities sell-off carries over as stock futures tumble; global markets sliding
Discount retailer Dollar Tree's 1st-quarter net income up 15 percent on higher sales, margins

Ralph Lauren's 4Q profit rises 35 pct, but posts sales shortfall

Lenovo quarterly profit rises 90 percent as smartphone, mobile computer business expands
United Technologies CEO optimistic about improving economy, airline industry

Airlines losses narrowed in 1Q to $552M; lobbying group predicts pickup in summer travel
Buy AP Photo Reprints
Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Related Stories
Arizona restaurant becomes poster child for dark side of online customer reviews
Interactive
Are Stocks Bouncing Back?

NEW YORK (AP) -- Stocks are moving higher after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its massive economic stimulus programs.

Investors were also encouraged by news that sales of previously occupied U.S. homes rose last month to the highest level in three and a half years.

The Dow Jones industrial average was up 108 points at 15,495 points as of noon Wednesday, an increase of 0.7 percent. It was up 40 points before Bernanke started speaking at 10 a.m.

The Standard and Poor's 500 rose 10 points to 1,679, an increase of 0.6 percent.

The Nasdaq composite was up 17 points at 3,518, or 0.5 percent.

The Federal Reserve is set to release minutes later Wednesday from its most recent policy meeting.

© 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.
 
ADVERTISEMENT
 
 
The Janesville Gazette

Staff Directory | Contact Us | Privacy Policy | Legal Notices | Subscriber Services | Site Help | Site Map | RSS

News:

Latest News | Local | State | Nation/World | Crime | Public Record | Money | Special Sections | Entertainment

Opinion:

Blogs | Columns | Political Cartoons | Polls

Sports:

Preps | Jets | Packers | Brewers | Bucks | Badgers | Golf | Motorsports | National | Other

Multimedia:

Photos | Photo Galleries | Podcasts | Videos | Slideshows | Maps | Photo Reprints

Community:

Births | Couples | Obituaries | Death Notices | Celebration Forms

Blogs

Blog List | Latest Blog Entries

Services:

Subscribe | Advertising | Customer Care | Newspaper In Education | Tearsheets | E-Edition | Photo Reprints

 

Reader Rewards | Retail Locations

Copyright ©2007 Bliss Communications Inc. All rights reserved. Use of this material and this site are subject to the GazetteExtra Terms of Use and Privacy Policy. Content may not be published, broadcast, re-distributed or re-written.