Bernanke Helps Stocks Rebound, Says Improvements Pending

by Benjamin Domenech on 3:40 pm February 24, 2009

Stocks recouped the market’s heavy losses from the previous session Tuesday after the Federal Reserve chairman talked down the idea of nationalizing top lenders. The Dow Jones Industrial Average, which slid nearly 251 points on Monday, was recently up about 230 points, trading around 7340. The S&P 5000 climbed 4.1% to about 773, boosted by an 11% surge in its financial sector. The Dow and the S&P are coming off their lowest closes in more than 11 years.

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