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Dow Up 56 on Bernanke, Retail

'Clunkers' boosts sales, NY manufacturing up

By Nick McMaster,  Newser Staff

Posted Sep 15, 2009 3:22 PM CDT

(Newser) – Stocks posted solid advances after Ben Bernanke said it was “very likely” that the recession is over, the Wall Street Journal reports. Economic reports showed retail sales gaining 2.7% last month, largely because of the “Cash for Clunkers” program, while the Fed’s index of NY manufacturing activity rose to its highest value since November 2007. The Dow rose 56 points to close at 9,683. The Nasdaq gained 11 points to settle at 2,103, and the S&P 500 added 3 points, closing at 1,053.

Fed chief Ben Bernanke in a file photo.
Fed chief Ben Bernanke in a file photo.   (AP Photo/Dominic Lipinski, Pool)
Traders gather at the post that handles Sprint on the floor of the New York Stock Exchange Monday, Sept. 14, 2009.
Traders gather at the post that handles Sprint on the floor of the New York Stock Exchange Monday, Sept. 14, 2009.   (AP Photo/Richard Drew)
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COMMENTS
Showing 3 of 3 comments
Guest
Sep 15, 2009 6:54 AM CDT
Tax cuts for the rich. All conservatives know that consumer confidence is directly linked to how much money the rich spend!
JonmarkP
Sep 15, 2009 6:51 AM CDT
What Bernanke means is, "My wealthy friends and I are quite comfortable, thank you."
cornelison
Sep 15, 2009 3:54 AM CDT
The Republicans are going to be mad if there is any type of recovery. They need the economy to fail in order to win in 2010.

 
Ben Bernanke • NASDAQ • Dow Jones • manufacturing • retail sales • S&P 500

 
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