Bernanke, Buffett optimistic

(01:49) Report

Aug. 22 - Two influential American voices expressed confidence the U.S. economy will pull out of its current slump.

Comments from Federal Reserve Chairman Ben Bernanke and influential billionaire investor Warren Buffett, along with a sharp slide in oil prices and speculation of a deal involving troubled Wall Street firm Lehman Brothers, sparked a solid rally in the stock market.

  • The Dow jumped 197 points to 11,628.
  • The S&P 500 gained 14 points to 1,292.
  • The Nasdaq rallied 34 points to 2,414.

    Conway Gittens reports from New York.

  • Most Watched: VideoGold fever spreads

    Featured Videos

    Top News
    Embed this channel:

    InDepth
    Embed this channel:

    Entertainment
    Embed this channel:

    Oddly Enough
    Embed this channel:

    Business
    Embed this channel:

    Technology
    Embed this channel:

    Sports & Leisure
    Embed this channel:

    Environment
    Embed this channel:

    Archive
    Embed this channel:

    Most Popular
    Embed this channel:

    Most Recent
    Embed this channel: