US stocks gain on confidence that Bernanke will be confirmed
New York - US stocks posted modest gains on Monday, ending a three-day slide amid renewed confidence that Federal Reserve Chairman Ben Bernanke will be confirmed for a second term at the helm of the US central bank.
In testimony to Congress, Bernanke sounded more confident that the US recession would end this year than he had just one month ago, and he said the risk of a dangerous downward spiral in prices had receded.