Ben Bernanke:economy to grow over the next two years
Today,From CNN News that U.S. stocks advanced Wednesday following an eleventh-hour rally in the previous session after a reported surge in Chinese exports relieved some investor fears about Europe’s debt crisis and its impact on the global economy. The Dow Jones industrial average (INDU) gained 59 points, or 0.6%, and the S&P 500 index (SPX) rose 7 points, or 0.7%. The Nasdaq composite (COMP) edged up 18 points, or 0.8%.After a choppy session, stocks rallied during the last hour of trade late Tuesday, with the Dow Jones industrial average and S&P 500 ending higher thanks to a spike in commodity and financial shares. The Nasdaq also erased most losses to end just 3 points lower in the session. Fed chairman Ben Bernanke testified before the House Budget Committee regarding economic and financial conditions Wednesday. He said he expects the economy to grow over the next two years, but urged policymakers to tackle the deficit.
