Summary
NEW YORK -- The Federal Reserve is keeping Wall Street's big rally alive -- and giving the U.S. Treasury market a boost as well. The Fed said Wednesday it will pump about $1 trillion into the economy, including the purchase of up to $300 billion of long-term Treasury securities over the next six months, as it works to revive the housing market and halt a punishing recession.
The Dow Jones industrial average rose 90.88, or 1.2 percent, to 7,486.58. Broader stock indicators jumped, too. The Standard & Poor's 500 index added 16.23, or 2.1 percent, to 794.35, and the Nasdaq composite index rose 29.11, or 2 percent, to 1,491.22.See the full content of this document
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Fed Announcement Buoys Wall Street
Government bond prices surged. The yield on the benchmark 10- year Tr...
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