You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Snapshot: Official’s remarks stimulate the market

Continue reading below

A Fed ­official’s remarks and two big retailers’ profits helped push stocks higher. James Bullard, head of the Fed’s St. Louis branch, said the Fed should stick with its bond-buying to help bolster the recovery. ‘Those words were a salve for investors’ nerves,’ said Lawrence Creatura, at Federated Investors. Other officials have talked about scaling back the program. Fed chairman Ben Bernanke on Wednesday will give Congress his take on the economy. Profits helped to brighten the day: Shares of Home Depot and AutoZone jumped on their earnings news. Seven of 10 companies in the S&P 500 have trumped the Street’s earnings forecasts, S&P Capital IQ says.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of