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NEW YORK (CNNMoney)
The Dow Jones industrial average gained 82 points, or 0.5%, hitting a record high of 15,552.70.
S&P 500 rose 0.3%, while the Nasdaq was little changed.
Bernanke appeared before the House Financial Services Committee on Wednesday, reiterating that the Fed will keep its stimulus policies in place for as long as necessary. He appears before the Senate Banking Committee Thursday.
His testimony will be the same but investors will be closely listening to the Q&A period.
"He really didn't say anything exciting," said Chris Beauchamp, market analyst with IG Markets in London. "But there's always the nagging fear that he might say something today that might rock markets. So nobody wants to get too committed one way or another."
U.S. stocks finished slightly higher Wednesday after the closely watched testimony.
The recent subdued market moves suggest that investors are beginning to accept Bernanke's core position, which is that monetary policy will remain highly accommodative.
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Also Thursday, the government released its weekly report on initial jobless claims, which declined to 334,000 for the week ended July 13. Claims were expected to drop to 348,000, according to Briefing.com's consensus of economist forecasts.
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Shares of Morgan Stanley (MS, Fortune 500) rose after the financial firm reported a quarterly profit in line with estimates, though revenue beat forecasts.
Verizon (VZ, Fortune 500) dipped after the company reported a 21% jump in quarterly net income compared with the year-earlier quarter.
Nokia's (NOK) stock price dropped after the Finnish phone maker reported a 24% plunge in quarterly sales from a year earlier.
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IBM (IBM, Fortune 500) shares rose after the tech stalwart said its net income for the second quarter rose 3% to $4.3 billion, excluding special charges.
Late Wednesday, Intel (INTC, Fortune 500) reported second-quarter profits that fell 29% versus a year prior, sending shares lower. The company also said it expects revenue to be flat this year, after previously forecasting a modest increase.
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Global stock markets were also in holding patterns Thursday.
European markets were slightly higher in the afternoon trading, led by London's FTSE 100.
The main Asian indexes were mixed, with Chinese markets heading lower while Japan's Nikkei advanced by 1.3%.
First Published: July 18, 2013: 9:43 AM ET
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