Stocks closed the week with a gain after Federal Reserve Chairman Ben Bernanke said the U.S. is headed for long-term economic growth. Bernanke did not announce any new economic stimulus measures during his speech, as some investors had hoped. He left open the possibility of more action if another recession seems likely.
The Dow rose 134.72 points, or 1.2 percent, to 11,284.54.
The S&P 500 index rose 17.53, or 1.5 percent, to 1,176.80.
The Nasdaq rose 60.22, or 2.5 percent, to 2,479.85.
For the week:
The Dow gained 466.89, or 4.3 percent.
The S&P 500 rose 53.27, or 4.7 percent
The Nasdaq rose 138.01, or 5.9 percent
For the year to date:
The Dow is down 292.97, or 2.5 percent.
The S&P 500 is down 80.84, or 6.4 percent.
The Nasdaq is down 173.02, or 6.5 percent.