Upbeat Fed Official Comments Lift Markets To Higher Close

Comments from Federal Reserve Governor Susan Bies that the housing slump may be over lifted the markets to a modestly higher close with the Dow gaining 19 points to 12,787. Nasdaq climbed 17 points to 2513 while S&P 500 added 4 points to 1460. The 30-year bond inched up as the yield eased to 4.780%.