Summary Box: Bernanke speech sends stocks higher

AP News
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Posted: Aug 26, 2011 5:10 PM
Summary Box: Bernanke speech sends stocks higher

BERNANKE: Federal Reserve Chairman Ben Bernanke said in a speech that said the U.S. is headed for long-term economic growth. Bernanke did not announce any new economic stimulus measures, as some investors had hoped. He left open the possibility of more action if another recession seems likely.

COME ON IRENE: Trading volume was relatively light, a sign that many traders were leaving the New York area ahead of Hurricane Irene.

THE INDEXES: The Dow rose 134 points, or 1.2 percent, to close at 11,284. It was up 4.3 percent for the week, its first weekly gain out of the last four.