U.S. Stocks Jump Despite Fall In Global Shares After Italy Election

Category: Markets / Finance / Feb 26, 2013 4:50PM EDT
Wall Street soared on Tuesday after Federal Reserve Chairman Ben Bernanke defended monetary policy before Congress, soothing markets about the continuation of stimulus measures. U.S. stocks rebounded earlier in the session after a drop in equities over the Italian election results, but uncertainty created by Italy's election and the fear about the Eurozone debt crisis hit global markets. Dow Jones industrial average .DJI rose 115.96 points, or 0.84 percent, to end at 13,900.13. The Standard & Poor's 500 Index .SPX added 9.10 points, or 0.61 percent, to 1,496.94. The Nasdaq Composite Index .IXIC advanced 13.40 points, or 0.43 percent, at 3,129.65. (Video Source: Reuters)