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Rebound on Wall Street

5 years ago February 24, 2010 Feb 24, 2010 Wednesday, February 24 2010 Wednesday, February 24, 2010 2:44:49 PM CST in News
Source: Associated Press

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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