Financial Times FT.com

Wall St takes heart from Bernanke speech

By Anuj Gangahar in New York

Published: August 22 2008 14:05 | Last updated: August 22 2008 21:30

US stocks ended a volatile week lower as investors continued to fret about the health of the financial sector, particularly mortgage giants Fannie Mae and Freddie Mac, and responded to a mixed set of earnings news and economic data.

Stocks staged a rally on Friday after a speech by Federal Reserve chairman Ben Bernanke and a fall in oil prices, but remained in negative territory for the week.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this