A day chock full of earnings releases awaits investors Thursday. Jobless claims and durable goods orders are also on the economic agenda. A dovish Bernanke surprised traders who were expecting hawkish interest rate comments from the Fed Chief during his Congressional testimony. Stocks reacted by surging higher despite very negative numbers from new homes sales. New short sell regulations preventing shorting after a stock has fallen 10% was pushed into law today. Further chatter about re-instituting the uptick rule also swept the stock markets. Bulls remained in control on the session regardless of the new regulatory environment with the DJIA surging 91.75, the tech heavy Nasdaq advancing 22.46 and the S&P 500 climbing 10.64.
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