Overnight Asia, Europe Markets Point To Higher Open On Wall Street
Wall Street looks to continue its Friday rally, following overnight gains in the Asia and Europe markets, pegged to promising housing news from the U.S. last Friday and optimism from Fed Chairman Ben Bernanke.
Stock futures are rising pre-market this morning, pointing to a moderate rally at opening.
The world markets were also cheered by Bernanke's most optimistic remarks to date on the state of the U.S. economic recovery, as The Post's Neil Irwin writes here.
Since hitting the early March bottom, the Dow is up about 45 percent, the S&P 500 is up about 52 percent and the tech-heavy Nasdaq is up nearly 60 percent.
-- Frank Ahrens
August 24, 2009; 9:24 AM ET
Categories: The Ticker | Tags: Ben Bernanke, Dow Jones, nasdaq, s&p 500
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