Stock Markets Latest News: S&P 500 Rises to Record Close

Wochit 0:49 mins

A late surge pushed the S&P 500 to a record close as dovish remarks by Ben Bernanke, Federal Reserve chairman, gave investors new confidence. Stocks broke through record highs in early trading after Federal Reserve Chairman Ben Bernanke said the central bank is in no hurry to stop supporting the economy. Stocks closed mostly higher on Wall Street as a brief afternoon rally deflated. The last time the index had five straight gains was early May, before investors started worrying that the Fed was preparing to cut its economic stimulus.

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