Big stock rally

View Comments
Stock rally

AP image

NEW YORK (AP) – Wall Street has seen a huge rally today, after investors finally got the aggressive economic help they’ve been wanting from the Federal Reserve. The Dow has been more than 200 points higher for much of the afternoon — moving above 13,500 for the first time since December of 2007. In an open-ended move, the Federal Reserve said it would spend $40 billion a month to purchase mortgage securities because the economy is too weak to reduce high unemployment.

View Comments
blog comments powered by Disqus

Get every new post delivered to your Inbox.

Join 28,185 other followers