NEW YORK (AP) — Traders are eagerly awaiting indications from Federal Reserve chairman Ben Bernanke that interest rate hikes aren't likely anytime soon.
The hope that Bernanke will make that clear in remarks scheduled for Tuesday afternoon is keeping stocks afloat. Stocks recovered some of their losses Tuesday after sliding for four straight days.
The Dow Jones industrial average rose 53 points, or 0.4 percent, to 12,142 in early afternoon trading. The Standard & Poor's 500 index rose 5, or 0.4 percent, to 1,291. The Nasdaq composite rose 6, or 0.2 percent, to 2,708.
The Fed has said it will wind down its $600 billion bond-buying program later this month. But a …
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