Rebound on Wall Street

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Posted: Feb 24, 2010 3:44 PM by Katherine Gouner
Source: Associated Press

  Rating: 0.0 (0 votes)

Topics: interest rates, low, stocks, economy

Reassurance that interest rates will stay low lifted stocks after a two-day slide.

Federal Reserve Chairman, Ben Bernanke, is optimistic about a recovery in the economy in his semi-annual report to Congress. He says keeping interest rates low is needed to support growth.

For every stock that fell today, two others rose.

The Dow Jones average is up 92 points to 10,374. The S&P Index is up 11, t0 1,105. The NASDAQ is up 22 points, to 2,236.

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