Wall Street extends gains, Nasdaq up 1 percent

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February 28, 2013 3:28 AM EST

Stocks extended gains, with the Nasdaq up about 1 percent, as Federal Reserve Chairman Ben Bernanke repeated his strong support for the Fed's stimulus efforts.

The Dow Jones industrial average <.DJI> rose 96.77 points, or 0.70 percent, at 13,996.90. The Standard & Poor's 500 Index <.SPX> gained 11.93 points, or 0.80 percent, at 1,508.87. The Nasdaq Composite Index <.IXIC> advanced 30.75 points, or 0.98 percent, at 3,160.39.

(Reporting by Chuck Mikolajczak; Editing by Bernadette Baum)

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