NEW YORK — Hopeful signs that debt in Europe won’t derail a global recovery is sending stocks higher.
Fed chairman Ben Bernanke is on Capitol Hill and expected to reiterate his belief the U.S. economy will not fall back into recession. A report Wednesday on wholesale inventories and sales is likely to confirm continued domestic growth.
Investors are heartened by a report that China will say exports surged last month.
The euro also crept back above $1.20. Markets worldwide have regularly been taking a cue from the euro in recent weeks.
The Dow Jones industrial average is up 48.07, or 0.5 percent, at 9,988.13. The Standard & Poor’s 500 index is up 5.44, or 0.5 percent, at 1,067.44, while the Nasdaq composite index is up 14.80, or 0.7 percent, at 2,185.37.
