INQUIRER.net: US stocks score modest gains after Bernanke testimony

INQUIRER.net Philippine News for Filipinos

US stocks score modest gains after Bernanke testimony Jul 17th 2013, 23:41 NEW YORK CITY—US stocks Wednesday rose after Federal Reserve Chairman Ben Bernanke said the Fed's policy on tapering its bond-buying program was not on a "preset course."   The Dow Jones Industrial Average added 18.67 (0.12 percent) at 15,470.52.   The broad-based S&P 500 put on 4.65 (0.28 percent) at 1,680.91 while the tech-rich Nasdaq Composite Index increased 11.50 (0.32 percent) to 3,610.00.   The gains came after Bernanke reiterated, in testimony to a House of Representatives committee, that the Fed would likely scale back the bond-buying program later this year, but only if the economy improves.   "I emphasize that, because our ... Keep on reading: US stocks score modest gains after Bernanke testimony Media files: wall-street-stock-exchange.jpg (image/jpeg)

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