Wall St cheered by Summers exit

Dow posts triple-digit gains after Summers bows out of running to replace Ben Bernanke as Federal Reserve chairman.

United States stocks closed higher and the Dow industrials made a triple-digit advance on news that Lawrence Summers bowed out of the running to lead the Federal Reserve.

The Dow Jones Industrial Average climbed 118.72 points, or 0.8%, to 15494.78. On Friday, the Dow rose 75 points, or 0.5%, to cap the blue-chip index's best weekly performance since the week ended Jan. 4.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles