WKYT | Lexington, Kentucky | News

Stocks mostly higher on Bernanke's words

NEW YORK (AP) - Stocks have started the day mostly higher after Federal Reserve chairman Ben Bernanke reiterated the central bank is ready to do more to stimulate the sluggish economy.

Bernanke's comments are the latest confirmation the central bank is about to ramp up its purchase of Treasury bonds to spark growth.

Upbeat economic reports are also adding strength to the market. Retail sales climbed in September by more than economists had forecast. Manufacturing activity in New York is accelerating in October.

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