Summary Box: Stocks close higher on hopes for Fed

May 21, 2013 @ 2:15 pm

(AP) - FED WATCH: Stock indexes wobbled in early trading Tuesday, then turned higher just before noon. That's when news crossed that James Bullard, a Federal Reserve official, told an audience that the Fed should stick with its bond-buying effort to bolster the economy.

NEXT UP: On Wednesday, the Fed will release minutes from its most recent policy meeting and Chairman Ben Bernanke will go before Congress.

FINAL SCORE: The Dow Jones industrial average rose 52.30 points, or 0.3 percent, to 15,387.58. The Standard & Poor's 500 index rose 2.87 points, or 0.2 percent, to 1,669.16. Both are at all-time highs.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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