{"id":45848,"date":"2013-07-11T16:34:00","date_gmt":"2013-07-11T16:34:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-surge-after-bernanke-comments\/45846\/"},"modified":"2024-08-25T18:09:10","modified_gmt":"2024-08-25T18:09:10","slug":"stocks-surge-after-bernanke-comments","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stocks-surge-after-bernanke-comments\/45848\/","title":{"rendered":"Stocks Surge after Bernanke Comments"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p>Stocks surged in trading on Thursday, with the <a href=\"https:\/\/thestockmarketwatch.com\/markets\/dowjones\/today.aspx\">Dow Jones<\/a> and the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> closing at record high levels, as comments from <a href=\"http:\/\/www.knowfinance.com\/federal-reserve-system-fed\/\" target=\"_blank\" rel=\"noopener\">Federal Reserve<\/a> Chairman Ben Bernanke on the central bank\u2019s $85 billion a month bond purchase program lifted market sentiment.<\/p>\n<p><span id=\"more-45848\"><\/span><\/p>\n<p>The <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> ended the day 1.11% higher at 15,460.92, the S&amp;P 500 ended the day 1.36% higher at 1,675.02, and the Nasdaq ended the day 1.63% higher at 3,578.30.<\/p>\n<p>All sectors in the S&amp;P 500 rallied. Basic Materials sector led the gains in the S&amp;P 500, ending the day 3.39% higher. Telecom sector rose 3.11%. Energy sector ended the day 1.82% higher. Financials rose 1.53%, while Technology sector rose 1.99%.<\/p>\n<p>Among the major movers on Thursday included Bridgepoint Education Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=BPI\" target=\"_blank\" rel=\"noopener\">NYSE: BPI<\/a>), which ended the day 26.25% higher at $15.92, Advanced Micro Devices Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=AMD\" target=\"_blank\" rel=\"noopener\">NYSE: AMD<\/a>), which ended the day 11.81% higher at $4.45, and Yum! Brands Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=YUM\" target=\"_blank\" rel=\"noopener\">NYSE: YUM<\/a>), which ended the day 1.15% lower at $71.53.<\/p>\n<p>On the economic front, a report released by the Labor Department showed that initial jobless claims rose 16,000 last week to a seasonally adjusted 360,000. Economists were expecting jobless claims to come in at 340,000.<\/p>\n<p>European markets also rallied on Thursday, with the FTSE 100 Index in London closing 0.59% higher, and the CAC 40 Index in Paris closing 0.74% higher. Asian markets also surged overnight, with the Nikkei 225 Index in Japan closing 0.39% higher, and the Hang Seng Index in Hong Kong closing 2.55% higher.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"nr_popular_placeholder\" data-permalink=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-surge-after-bernanke-comments\/45848\" data-title=\"Stocks Surge after Bernanke Comments\"><\/div>\n<p><script id=\"mNCC\" language=\"javascript\">  medianet_width='600';  medianet_height= '250';  medianet_crid='814932888';  <\/script>  <script id=\"mNSC\" src=\"https:\/\/web.archive.org\/web\/20130715015854js_\/http:\/\/contextual.media.net\/nmedianet.js?cid=8CUT71M67\" language=\"javascript\"><\/script> <\/p>\n<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a><br \/>\n<a class=\"addthis_button_preferred_2\"><\/a><br \/>\n<a class=\"addthis_button_preferred_3\"><\/a><br \/>\n<a class=\"addthis_button_preferred_4\"><\/a><br \/>\n<a class=\"addthis_button_compact\"><\/a><br \/>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n<p><script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script><br \/>\n<!-- AddThis Button END --><\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/yelp-shares-rally-after-needham-co-s-upgrade-yelp\/45887\"><br \/>\nYelp Shares Rally After Needham &#038; Co.\u2019s Upgrade (YELP)<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/webmd-provides-upbeat-q2-and-fy-revenue-outlook-wbmd\/45886\"><br \/>\nWebMD Provides Upbeat Q2 and FY Revenue Outlook (WBMD)<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-higher-post-gains-for-the-week-2\/45881\"><br \/>\nStocks End Higher; Post Gains for the Week<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-settle-marginally-lower-silver-prices-also-slip-2\/45879\"><br \/>\nGold Prices Settle Marginally Lower; Silver Prices also Slip<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-almost-flat\/45876\"><br \/>\nStocks Almost Flat<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-slightly-higher-in-early-trading\/45871\"><br \/>\nStocks Slightly Higher in Early Trading<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-bounces-back-but-the-dollar-index-is-down-for-the-week\/45866\"><br \/>\nForex Market Update: Dollar Bounces Back But the Dollar Index is Down For the week<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20130715015854im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><!--script type=\"text\/javascript\">\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\n<\/script>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script--><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Stocks surged in trading on Thursday, with the Dow Jones and the S&amp;P 500 closing at record high levels, as [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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