Don’t miss the latest developments in business and finance.

Wall St ends up on Bernanke comments, housing

Image
Reuters Delhi, India
Last Updated : Feb 27 2013 | 3:10 AM IST

NEW YORK (Reuters) - U.S. stocks ended higher on Tuesday, rebounding from their worst decline since November, after Federal Reserve Chairman Ben Bernanke defended the Fed's bond-buying stimulus and sales of new homes hit a 4 1-2-year high.

Based on the latest available data, the Dow Jones industrial average shot up 115.96 points, or 0.84 percent, to end unofficially at 13,900.13. The Standard & Poor's 500 Index gained 9.10 points, or 0.61 percent, to finish unofficially at 1,496.94. The Nasdaq Composite Index advanced 13.40 points, or 0.43 percent, to close unofficially at 3,129.65.

(Reporting by Caroline Valetkevitch; Editing by Jan Paschal)

Also Read

First Published: Feb 27 2013 | 2:52 AM IST

Next Story