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Stock Indexes Close at Record Highs After Fed Decision

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Thu, 19 Sep 13 1:05 AM | 42 view(s)
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Stock Indexes Close at Record Highs After Fed Decision

U.S. stocks rallied to record highs on Wednesday after the Federal Reserve surprised investors and decided against trimming its bond-buying stimulus program.

Stocks were modestly lower before the announcement, but after the Fed statement the Dow and S. & P. 500 indexes quickly climbed to record highs after the central bank said it would continue buying bonds at an $85 billion monthly pace for now.

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http://www.nytimes.com?emc=edit_na_20130918




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