Stocks posted gains today on Wall Street. Walt Disney, Pfizer, Merck and Coca-Cola led Dow advancers. Brands rebounded from earlier losses in the wake of Federal Reserve comments. Addressing the Senate Banking Committee, Ben S. Bernanke said the central bank is prepared to take action to strengthen growth if the labor market does not improve. In other news, the Labor Department said that the consumer price index was flat in June, as expected, after slipping 0.3% in May. The core figure, which discounts food and energy prices, increased 0.2% in June. Elsewhere, crude oil tacked on 79 cents to settle at $89.22 a barrel. Yahoo! and Intel released quarterly data after the closing bell. Both technology companies exceeded expectations, however, Intel lowered its top-line growth forecast for the year and Yahoo! reported a slight revenue miss.
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