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Stocks rise on Fed stimulus hopes, home sales

Stocks are moving higher Wednesday morning after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its massive economic stimulus programs.

By Bernard Condon | Updated on May 22, 2013

NEW YORK (AP) — Stocks are moving higher Wednesday morning after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its massive economic stimulus programs.

Investors were also encouraged by news that sales of previously-occupied U.S. homes rose last month to the highest level in three and a half years.

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