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

Stocks Surge After Bernanke Allays Stimulus Fear

Posted: Updated:

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)

  • Today's Top StoriesMore>>

  • Dons Score Late to Down Wolf Pack

    Dons Score Late to Down Wolf Pack

    Wednesday, April 23 2014 2:57 AM EDT2014-04-23 06:57:16 GMT
    The University of San Francisco (19-20) scored three runs in the top of the ninth to defeat the University of Nevada (21-17) baseball team 4-1 in a nonconference matchup at Peccole Park on Tuesday night.More >>
    The University of San Francisco (19-20) scored three runs in the top of the ninth to defeat the University of Nevada (21-17) baseball team 4-1 in a nonconference matchup at Peccole Park on Tuesday night.More >>
  • Aces Win, Take Series in Fresno

    Aces Win, Take Series in Fresno

    Wednesday, April 23 2014 2:45 AM EDT2014-04-23 06:45:22 GMT
    The Reno Aces wrapped up their first series win of the season Tuesday with a 4-3 road victory.More >>
    The Reno Aces wrapped up their first series win of the season Tuesday with a 4-3 road victory.More >>
  • License Plate Sales Fund Tahoe Preservation Projects

    License Plate Sales Fund Tahoe Preservation Projects

    Tuesday, April 22 2014 10:23 PM EDT2014-04-23 02:23:59 GMT
    The Division of State Lands has announced the 2014 Lake Tahoe License Plate grant recipients. Grant funds are made available annually for projects that preserve and restore the natural environment of the Lake Tahoe Basin. Approximately $350,000 was generated last year from the purchase of Nevada Lake Tahoe license plates.More >>
    The Division of State Lands has announced the 2014 Lake Tahoe License Plate grant recipients. Grant funds are made available annually for projects that preserve and restore the natural environment of the Lake Tahoe Basin. Approximately $350,000 was generated last year from the purchase of Nevada Lake Tahoe license plates.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.