Dow Hits New Record after Bernanke Speech

The Fed chief's remarks suggested policymakers may keep interest rates steady. Also in focus: DaimlerChrysler restructuring, retail sales

Stocks rallied Wednesday, with the Dow Jones industrial average reaching a new all-time closing high, as investors cheered Federal Reserve Chairman Ben Bernanke's moderately upbeat testimony to Congress. A big automaker's realignment and some upbeat earnings news helped offset lackluster reports on January retail sales and December business inventories.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.