Although Fed chief Ben Bernanke warned of a possible recession, the markets traded higher during the midday with the Dow gaining 20 points to 12,675. Nasdaq climbed 15 points to 2378.
On the upside
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 714.