NEW YORK - Wall Street ended higher Friday after the statements of Ben Bernanke, the Federal Reserve chairman, who expressed his concern about the employment situation and stressed that the Fed remains prepared, if necessary to further support the economy.
He has not given any clear signal of the commitment of the central bank will soon launch a new round of monetary easing, Ben Bernanke used a worried tone that investors have come to appreciate.
The market is trending down briefly after the publication shortly after the opening, the outline of the speech in Jackson Hole (Wyoming), but he soon found his way back up.
Without going to outline what could be a possible third plan of "quantitative easing" (QE), including Ben Bernanke expressed "serious concern" to the stagnation of the labor market in the United States and the threat it imposes on the economy as a whole.
This part of his speech seems to have contributed to the recovery of the major indices, which have gained more than 1% up front to reduce progression.
The Dow Jones 30 blue chip stocks of the score ended with a gain of 90.13 points, or 0.69%, to 13,090.84 points. The Standard & Poor's 500 main reference for fund managers, rose 7.10 points (0.51%) to 1406.58 points and the Nasdaq Composite, technology-intensive, took 18.25 points (+ 0.6%) to 3066.96 points.
Markets had surged in recent weeks in the hope of new measures to support the activity of the Fed and the European Central Bank (ECB). But it had stalled in recent days, some investors fear to be disappointed by Ben Bernanke.
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"For all those on the market today, believe he would just come in saying, 'we do QE would have raised the naivety," commented John Canally, strategist and economist at LPL Financial.
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