U.S. Stocks Rebound On Bernanke Comments, Data

Category: Markets / Finance / Feb 26, 2013 10:43AM EDT
Wall Street edged up early on Tuesday and rebounded after a drop in equities over the Italian election results. With the results split, political gridlock now looms in Italy. Major stock indexes hit session highs after Federal Reserve Chairman Ben Bernanke defended the Fed's bond-buying stimulus before Congress. Data showed single-family home sales rose 15.6 percent in January, while consumer confidence rebounded in February. The Dow Jones industrial average .DJI rose 125.16 points or 0.91 percent, to 13,909.33, the S&P 500 .SPX gained 10.51 points or 0.71 percent, to 1,498.36 and the Nasdaq Composite .IXIC added 18.92 points or 0.61 percent, to 3,135.17. (Video Source: Reuters)