Ben Said That

AP Stocks Jump on Bernanke Comments Thursday January 10, 12:22 pm ET By Tim Paradis, AP Business Writer Stocks Jump As Bernanke Says Federal Reserve Stands Ready to Lower Interest Rates NEW YORK (AP) -- Wall Street turned around and surged higher Thursday after Federal Reserve Chairman Ben Bernanke said the central bank is ready to lower interest rates to shore up a flagging economy. Bernanke's comments energized a stock market that fell badly since the start of the year amid growing evidence that the economy is weakening. In midday trading, the Dow Jones industrial average, which had been down more than 100 points in early trading, jumped 62.10, or 0.49 percent, to 12,797.41.