Wall Street shot higher Wednesday after Federal Reserve Chairman Ben Bernanke soothed investors with his view that economic growth seems to be moderating and inflation remains contained, the Associated Press reports. The Dow Jones industrial average gained more than 220 points, while Treasury bonds recovered from early losses to close sharply higher.
According to preliminary calculations, the Dow rose 212.19, or 1.96 percent, to 11,011.42. Broader stock indicators also gained sharply. The Standard & Poor's 500 index rose 22.95, up 1.86 percent, to 1,259.81, and the Nasdaq composite index rose 37.49, or 1.83 percent, to 2,080.71.
Today's Winners & Losers
Enova Systems Inc. finished the day up nearly 14 percent to close at $4 while On Assignment Inc. gained 10.4 percent closing at $9.75 and Peerless Systems Corp. ended the day up 9.8 percent closing at $4.93 a share.
On the other side was Jakks Pacific Inc. which lost 9.4 percent to close at $16.95, WPT Enterprises lost 5 percent to close at $4.93 and Flamemaster Corp. lost 4.7 percent to close the day at $5.05.
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