US stocks higher ahead of Fed testimony

Written By Unknown on Selasa, 26 Februari 2013 | 23.59

US stocks have opened solidly higher in anticipation of congressional testimony by Federal Reserve Chairman Ben Bernanke.

The markets were also buoyed by upbeat earnings results, including from home-improvement retailer Home Depot.

Fifteen minutes into trade, the Dow Jones Industrial Average was up 83.01 points (0.60 per cent) to 13,867.18.

The broad-based S&P 500 jumped 7.45 points (0.50 per cent) to 1,495.30, while the tech-rich Nasdaq Composite Index rose 7.28 points (0.23 per cent) to 3,123.53.

The gains partially offset deep losses sustained on Monday in the wake of the uncertain outcome of the Italian elections.


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