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NEW YORK, Feb 11 (AFP): After a mainly positive week for Wall Street, investors are looking for guidance from new Fed chief Ben Bernanke and mulling a potentially worrisome bond market scenario.
The Dow Jones Industrial Average climbed 1.2 percent in the week to Friday, to close at 10,919.05 and the broader-market Standard and Poor's 500 index edged up 0.23 percent to 1,266.99.
The tech-heavy Nasdaq composite was essentially flat for the week, losing a fraction of a point to 2,261.99.
Analysts said that the market may be in a holding pattern ahead of Bernanke's testimony before Congress Wednesday, with investors looking for insight on his view of inflation trends and the implications for Fed policy.
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