Wall Street opens higher, building on 4-day rally - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Wall Street opens higher, building on 4-day rally

Associated Press - March 16, 2009 9:53 AM ET

NEW YORK (AP) - Investors reassured by Federal Reserve Chairman Ben Bernanke's comments on the recession are extending Wall Street's gains into a fifth straight day.

Bernanke said Sunday night on CBS' "60 Minutes" that the recession would probably end this year if the government's program to boost the banking industry succeeds.

His comments followed news that business at Citigroup Inc. and Bank of American Corp. has improved during the early part of 2009. That helped spark a 4-day rally last week led by financial stocks, which are rising again Monday.

In the first half-hour of trading, the Dow Jones industrial average is up 75 at 7,299. The Standard & Poor's 500 index is up 9 at 766 and the Nasdaq composite index is up 5 at 1,437.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

HD DOPPLER 6i
/