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Last Call: Ben Bernanke and Groundhog Day
18 Jul 2012 EDT - CNBC.com
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Phil Connors: Excuse me, where is everybody going? Fan on Street: To Gobbler's Knob. It's Groundhog Day. Phil Connors: It's still just once a year, isn't it?

-Groundhog Day

— Below, in his semiannual testimony Federal Reserve Chairman Ben Bernanke once again mentions the Fed stands ready to act if necessary, but gives little guidance as to how, if or when.

Market Musings With CNBC Market Guru Robert Hum

  • Recap: Dow +78.33 (+0.62%), S&P +10.03 (+0.74%), Nasdaq +13.10 (+0.45%)
  • After dipping during Bernanke testimony, stocks rally back, close modestly higher
  • Dow, S&P rise for just the 2nd time over the last 9 sessions
  • S&P 500 turns positive for month; Dow, Nasdaq still slightly lower this month
  • 4 S&P sectors close at new highs: Telecom, Consumer Staples, Health Care, Utilities
  • Euro rises for 3rd straight day for first time in a month
  • Crude oil settles above $89 for first time in 1.5 months
  • The Word on the Street Tonight

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