Stocks Surge After Bernanke Allays Stimulus Fear - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

Stocks Surge After Bernanke Allays Stimulus Fear

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The stock market is closing at a record high after Federal Reserve Chairman Ben Bernanke said the central bank would continue to support the U.S. economy. 
 
The Dow Jones industrial average rose 169 points, or 1.1%, to close at 15,461 Thursday. 

The Standard & Poor's 500 index rose 22 points, or 1.4%, to 1,675. 
 
Both indexes surpassed the record closes they set in May. 
 
The tech-dominated Nasdaq composite rose 57 points, or 1.6%, to 3,578.  
 
Investors also bought bonds after being reassured that the Fed was not in a hurry to pull back on its huge bond-buying program. 
 
The yield on the benchmark 10-year Treasury note fell to 2.57% from 2.63% late Wednesday. As recently as early May, it was 1.63%.   (AP)

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