Wednesday, July 13, 2011

U.S. stocks climb on Bernanke stimulus talk


SAN FRANCISCO (MarketWatch) — U.S. stocks quit a recent loss streak to close higher Wednesday, helped by expectations the Federal Reserve could again step in to support the economy.

The major indexes started the day with gains after China reported a slight scaling back in economic growth, and rallied after Federal Reserve Chairman Ben Bernanke said the central bank would consider additional stimulus. The Dow Jones Industrial Average +0.36% at one point was up by triple digits, only to shed most of that advance by the close.

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