Stocks gained on Fed’s commitment to low rates
Stocks gained after Fed Chairman Bernanke, in his testimony to Congress, assured lawmakers that interest rates will remain low. Markets cheered at the news and bought up banks shares, with BoA rising 2.45%.
DJIA +91.75pts (0.89%) at 10374.16
S&P +10.64pts (0.97%) at 1105.24
Nasdaq +22.46pts (1.01%) at 2235.90