Bernanke Support Brings Stock Increase

With a wave of support for four more years of Ben Bernanke leading the Federal Reserve came an increase in the stock market.

The Dow Jones Industrial Average rose 23.88 points or .23 percent to 10196.86, while the Standard and Poors 500 gained 5.02 points or 0.46%, to 1096.78. The Nasdaq Composite picked up 5.51 points, or 0.25%, to 2210.80 while The FOX 50 added 3.43 points, or 0.43%, to 794.25.

After a full press event via the White House expressing their support for his confirmation, it seems Wall Street too is beginning to trust for the Republican Appointed economist.

However, some believe its not as much trust as it is realizing refusal may result in dire consequences.

“Whether you like him or not, any change at this point would disrupt our markets and disrupt our economy,” Jonathan Corpina, senior managing partner at Meridian Equity Partners, told FOX Business. “We need to make some adjustments to the plan but we have to stick with the key figures.”