BHP
70.55
+2.72
+4.01%
CNBC 7.20 April 4 2008
Nymex oil 104.18 up 0.35%
Brent Crude 102.32
Tin 20150
Gold 904.4 (0.9%)
Nickel 28849 (0.35%)
1 usd 9210 rp menguat 5 rp
AP
Stocks Higher After Bernanke Testimony
Thursday April 3, 6:51 pm ET
By Madlen Read, AP Business Writer
Stocks Up After Comments From Fed Chairman, Merrill CEO Revive
Confidence About Credit Markets
NEW YORK (AP) -- Stocks managed to notch a modest gain Thursday, with Wall
Street cautious ahead of Friday's jobs report but hopeful that the global
financial system is on the mend.
Federal Reserve Chairman Ben Bernanke told Congress the Fed expects to
recover most, if not all, the $29 billion worth of loans it made to keep
struggling Bear Stearns Cos. from collapse. Bernanke's remarks, in which he
defended the central bank's decision to aid JPMorgan Chase & Co.'s buy of Bear
Stearns, were calming to investors hoping that demand is returning to the tight
credit markets.
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