Stocks, dollar up, gold down on Bernanke remarks

Jul 17, 2013, 5:15 PM EDT
U.S. Federal Reserve Chairman Ben Bernanke delivers his semi-annual monetary policy report to Congress before the House Financial Services Committee in Washington, July 17, 2013.
REUTERS/James Lawler Duggan

Stocks ended modestly higher after Federal Reserve Chairman Ben Bernanke said in his semi-annual congressional testimony that the timeline for winding down the U.S. central bank's stimulus program was not set in stone. The dollar rose broadly but gold tumbled by 1%. U.S. Treasuries yields hit their lowest levels in two weeks.