Markets Rise On Bernanke Cautious Optimism After Testimony
Wall Street climbed as Bernanke signaled inflation may moderate and the Fed could pause further rate hikes. Dow up 212.19 to 11011.42, S&P 500 at 1259.81, Nasdaq 2080.71. Bond yields fell as Treasuries strengthened and oil and dollar moved lower. Major banks and techs posted gains amid positive earnings and easing fears after a volatile period.
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