Wall Street was higher Tuesday, rebounding from four straight days of losses as traders awaited remarks by Federal Reserve chairman Ben Bernanke.
- Dow Jones industrial average rose 53 points, or 0.4 percent, to 12,142 in midday trading
- The Standard & Poor’s 500 index rose 5, or 0.4 percent, to 1,291
- The Nasdaq composite rose 6, or 0.2 percent, to 2,708
Traders are eagerly waiting news from Fed chairman that interest rate hikes aren’t likely anytime soon. “The markets are now thinking there’s going to be a little bit of a positive jolt from recent losses.
We look forward to having a positive economic outlook not just for this month but for the whole year!
