U.S. stocks finished sharply higher on Friday, with Wall Street tallying its first winning week in five, after Federal Reserve Chairman Ben Bernanke signaled the economy is not in need of quick stimulus.
“He didn’t say anything negative, he just didn’t have anything too great to cause anyone to ramp up growth forecasts. We’re left with, ‘we think the U.S. economy is going to improve’,” said Ken Tower, senior analyst at Quantitative Analysis Service.
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“He didn’t say anything negative, he just didn’t have anything too great to cause anyone to ramp up growth forecasts. We’re left with, ‘we think the U.S. economy is going to improve’,” said Ken Tower, senior analyst at Quantitative Analysis Service.
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Dow Jones Industrial Average
(DJI: ^DJI )| Index Value: | 11,284.54 |
|---|---|
| Trade Time: | 4:05PM EDT |
| Change: |  134.72 (1.21%) |
| Prev Close: | 11,149.82 |
|---|---|
| Open: | 11,145.20 |
| Day's Range: | 10,929.20 -11,326.43 |
| 52wk Range: | 9,915.73 -12,928.50 |
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