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 This material may not be published, broadcast, rewritten or redistributed.)
More Money News
Top Stories

  • Dirty Wars
    Director Jeremy Scahill says Obama hasn't been fighting a clean war

  • Dollars Per Student
    Washington spending per student is below the national average

  • Coming Together
    If you came home to nothing but the concrete slab - what would you do?
MyNorthwest.com - Purpose of Comments statement
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.

Comments