Stocks Surge to New Records

U.S. stock futures bolted higher after Wednesday's closing bell, triggering overnight advances in Asia and Europe and ultimately big gains on Wall Street Thursday. Mr. Bernanke's comments also prompted a selloff in the dollar, a decline in Treasury yields and a rise in gold prices.

Both the Dow Jones Industrial Average and Standard & Poor's 500-stock index closed at records. The blue chips climbed 169.26 points, or 1.1%, to 15460.92.

The S&P 500 shot up 22.40 points, or 1.4%, to 1675.02. All 10 of the S&P 500's sectors rose, led by materials and technology stocks.

The Nasdaq Composite Index rose 57.55 points, or 1.6%, to 3578.30, gaining ground for the 11th time in 12 sessions.

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