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News Link • Economy - Economics USA

The Myth of the Modern Stock Market


Stock Markets end at multi-month highs after Fed plan ... U.S. stocks ended a volatile session modestly higher on Wednesday after the Federal Reserve detailed a plan to breathe new life into the struggling economy. Both the Dow and Nasdaq closed at levels not seen since 2008 while the S&P ended at a six-month high. The gains were preceded by an erratic session in which equities zigzagged up and down as the Fed announced a plan to buy $600 billion in Treasuries. The size of the plan was greater than had been anticipated but less than many hoped. – Reuters

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