Wall Street Rebounds Ahead Of FOMC, Bernanke Announcement

Category: Markets / Finance / Mar 20, 2013 11:14AM EDT
U.S. stocks rebounded in early trade Wednesday with all eyes focused on the Federal Reserve's policy statement and news conference by Fed Chairman Ben Bernanke later in the day. The Fed will release the Federal Open Market Committee’s (FOMC) statement at 2:00 p.m. Eastern, followed by Bernanke's news conference at 2:30 p.m. The Dow Jones industrial average .DJI was up 77.09 points, or 0.53 percent, at 14,532.91. The Standard & Poor's 500 Index .SPX was up 8.71 points, or 0.56 percent, at 1,557.05. The Nasdaq Composite Index .IXIC was up 19.82 points, or 0.61 percent, at 3,248.91. (Video Source: REUTERS)