Bernanke’s words drive Wall Street up 1 percent
NEW YORK (Reuters) – The S&P 500 rebounded from its worst week so far this year to retake a four-year high on Monday after Federal Reserve Chairman Ben Bernanke signaled supportive monetary policy will remain even though the job picture has begun to improve. The three major U. S. stock indexes climbed 1 percent or more and all 10 S&P 500 sectors advanced. Gains were led by S&P technology shares, with that sector’s index up 1. 7 percent, and the S&P health care sector index also up 1. 7 percent. Shares of International Business Machines, up 1. 1 percent at $207. 77, gave the Dow its biggest boost. . . .
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