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SEP 18, 2013 - MarketWatch

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Stocks further record gains on dovish Bernanke

NEW YORK (MarketWatch) -- U.S. stocks extended their rally on Wednesday as Federal Reserve Chairman Ben Bernanke told a news conference the central bank does not have a 'fixed calendar' for reducing its $85 billion in monthly asset purchases. "If you look at the data from their last meeting, economic conditions have gotten worse, not better. So the Fed did the appropriate thing here," said Art Hogan, market strategist at Lazard Capital Markets. After rising to an intraday record of 15,709.5, the Dow Jones Industrial Average was lately up 172.29 points, or 1.1%, at 15,702.02. After climbing ... Read More

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