The New York Times
Tuesday, February 24, 2009 -- 4:09 PM ET
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Dow Rises More Than 235 Points or 3.3 Percent
The chairman of the Federal Reserve, Ben S. Bernanke, gave
the markets a lift Tuesday when he testified before a Senate
commitee that regulators are not planning to nationalize
banks. The news eased some investor concerns about the
banking system, and the Dow Jones industrial average, coming
off its lowest levels since 1997, rose more than 235 points
or 3.3 percent. The broader Standard & Poor's 500-stock index
jumped nearly 30 points or 4 percent.
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