Stocks hit 8-month high

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Tuesday, March 27, 2012

World stocks reached an 8-month high, and the dollar strengthened against the euro and yen.

The U.S. dollar strengthened against the euro and the yen after Fed Chairman Ben Bernanke's dovish comments sent it tumbling in the previous session.
U.S. stocks were little changed after a more than 1 percent rally lifted the S&P 500 to a four-year high on Monday.
"Bernanke yesterday talked about the need for aggressive monetary policy and the dollar took a pretty good whack, so it's probably clawing some of that back," said Art Hogan, managing director of Lazard Capital Markets in New York.

Read more at Reuters.

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