Market Wrap for Wednesday, July 17: Stocks Rise as Bernanke Emphasizes Flexibility of Stimulus Program
July 17, 2013 at 16:23 PM EDT
Comments made by Fed Chairman Ben Bernanke on Wednesday in congressional testimony helped keep the stock market afloat during the day's trading session. The Fed Chief emphasized that the central bank will adjust its bond-buying program based on the performance of the economy and emphasized the importance of flexibility. This