US STOCKS SNAPSHOT-Wall St gains as Fed offsets debt woes

NEW YORK, April 28 (BestGrowthStock) – U.S. stocks (Read more about the stock market today. ) rose on
Wednesday after the Federal Reserve pointed to signs of
strength in the economy in comments that gave some relief to
investors worried about debt defaults in Europe.

The seesion’s climb pushed the Dow industrials back above
the psychologically important 11,000 mark in a recovery from a
swoon just before midday when Standard & Poor’s cut Spain’s
credit rating. On Tuesday, the market sold off following a
Standard & Poor’s downgrade of Greece’s debt rating to junk
and a two-notch cut in Portugal’s credit rating as well.

* The Dow Jones industrial average (.DJI: ) rose 53.28
points, or 0.48 percent, to end unofficially at 11,045.27. The
Standard & Poor’s 500 Index (.SPX: ) added 7.65 points, or 0.65
percent, to finish unofficially at 1,191.36. The Nasdaq
Composite Index (.IXIC: ) edged up just 0.26 of a point, or 0.01
percent, to close unofficially at 2,471.73.

Stock Market Research Tools
(Reporting by Leah Schnurr; Editing by Jan Paschal)

US STOCKS SNAPSHOT-Wall St gains as Fed offsets debt woes