NEW YORK (Reuters) - The S&P 500 rose more than 1 percent on Wednesday as Federal Reserve Chairman Ben Bernanke reaffirmed his support of the Fed's stimulus policy, while data on housing and durable goods added to bullish sentiment.
The Dow Jones industrial average was up 123.12 points, or 0.89 percent, at 14,023.25. The Standard & Poor's 500 Index was up 15.45 points, or 1.03 percent, at 1,512.39. The Nasdaq Composite Index was up 36.64 points, or 1.17 percent, at 3,166.28.
(Reporting by Caroline Valetkevitch; Editing by Chizu Nomiyama)
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