Stock Markets Surge on Fed's $600B Plan

Stocks surged today after Wednesday's announcement that the Federal Reserve will purchase $600 billion worth of Treasury securities to boost the stagnant economy. The S&P 500 stock index rose 1.9 percent to its highest since the start of the financial crisis in September 2008, when Lehman Bros. collapsed. The Dow Jones Industrial Average surged 219 points or 2 percent as of its 4 p.m. close. Markets around the world rallied on hope that the Federal Reserve can somehow return jobs and...Full Story
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