US stocks surge to record highs | Bangkok Post: news

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US stocks surge to record highs

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NEW YORK - The Dow surged 169.26 (1.11 per cent) early Friday Thailand time, to 15,460.92, well above the previous high of 15,409.39 on May 28. The S&P 500 gained 22.40 (1.36 per cent) to 1,675.02, up from it prior record of 1,669.16 on May 21. 

The Nasdaq Composite meanwhile added 57.55 (1.63 per cent) to 3,578.30, its highest level since September 2000.

Bernanke, speaking in Boston late Wednesday afternoon, promised to keep interest rates low due to the weak economy, suggesting a slower time-frame to tapering the Fed's aggressive bond-buying program.

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