Dow, S&P 500 close at record highs

FOX31 Denver

NEW YORK — Hello again, all-time highs.

U.S. stocks soared back into record territory Thursday, as investors welcomed comments from Federal Reserve chairman Ben Bernanke.

The Dow Jones industrial average rallied nearly 170 points, or 1.1%, to end at a record high of 15,460, breaking its previous record set May 28.

The S&P 500 rose more than 1.3% to 1,675 — also topping its May record. The Nasdaq jumped 1.6% to end at its highest level since September 2000.

The Bernanke market: The gains came after Bernanke said late Wednesday that monetary policy would remain “highly accommodative” for the foreseeable future.

Investors were spooked in May when Bernanke suggested the Fed could begin to scale back its $85 billion-per-month bond buying program this year. But top central bankers, including the chairman, have taken great pains to reassure investors that any tapering would depend on continued improvement in the economy.


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