Sat, August 27, 2011
Business > Markets

U.S. stocks end higher on Bernanke's optimistic remarks

2011-08-26 20:18:37 GMT2011-08-27 04:18:37(Beijing Time)  Xinhua English

NEW YORK, Aug. 26 (Xinhua) -- U.S. stocks erased early losses and ended firmly higher on Friday after Federal Reserve Chairman Ben Bernanke gave a relatively optimistic assessment on the economy.

The blue-chip Dow gained 1.2 percent at the close. The broader S&P 500 jumped about 1.5 percent and the tech-heavy Nasdaq rallied about 2.5 percent.

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