Stocks rise following Bernanke remarks

Published:

NEW YORK (AP) -- Stocks are having one of their best days this year.

The Dow Jones industrial average is up 134 points at midday to 13,214. The Standard & Poor's 500 is up 14 at 1,411, and the Nasdaq composite is up 39 at 3,107. Last week was the worst of the year for stocks.

The market appears encouraged by remarks Monday morning from Federal Reserve Chairman Ben Bernanke. He told a conference in Virginia that faster job growth will require more demand from businesses and consumers.

That could be a suggestion that the Fed plans to keep short-term interest rates near zero.

Lions Gate Entertainment was among the early winners on Wall Street. The stock is up 2.5 percent after the movie "The Hunger Games" made $155 million on its opening weekend.