Trader Edward McCarthy works on the floor of the New York Stock Exchange Thursday, June 7, 2012. Stocks are opening higher on Wall Street Thursday after China cut its benchmark lending rate in another bid to boost its slowing economy. (AP Photo/Richard Drew)
Trader Henry Becker Jr., left, and William McInerney work on the floor of the New York Stock Exchange Thursday, June 7, 2012. Stocks are opening higher on Wall Street Thursday after China cut its benchmark lending rate in another bid to boost its slowing economy. (AP Photo/Richard Drew)
Traders work with specialist Stephen Ruiz, left, on the floor of the New York Stock Exchange Thursday, June 7, 2012. Stocks are opening higher on Wall Street Thursday after China cut its benchmark lending rate in another bid to boost its slowing economy. (AP Photo/Richard Drew)
Trader Stephen Guilfoyle works on the floor of the New York Stock Exchange Thursday, June 7, 2012. Stocks are opening higher on Wall Street after China cut its benchmark lending rate in another bid to boost its slowing economy. (AP Photo/Richard Drew)
A rally in stocks on Wall Street mostly evaporated after investors didn’t hear what they wanted to hear from Federal Reserve Chairman Ben Bernanke. The Dow Jones industrial average closed up 46 points Thursday at 12,461. The Dow had been up as much as 140 …
