Wednesday, February 28, 2007

Markets Post Modest Recovery

Comments from Federal Reserve Chairman Ben Bernanke boosted the markets to a modestly higher close after yesterday's steep plunge. The Dow climbed 52 points to 12,269 while Nasdaq gained 8 points to 2416. S&P 500 rose 8 points to 1407. The 30-year bond eased as the yield edged up to 4.669%.

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