Investors said Mr. Bernanke's commentswould reinforce2s expectations the Fed will cutinterest rates by 50 basis points at its policymeeting this month.
The S&P 500 index, which had beendown, rallied29 sharply, though gains latersubsided. Treasury yields pared their earlierrise, while the dollar fell against the euro,trading 0.8 percent lower at $1.4783.
