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News Summary: For 2nd day, Fed sends stocks higher
277 days ago
By The Associated Press
THE FED EFFECT: Stocks rose Friday, energized for a second day by the Federal Reserve's promise to take new steps to try to heal the economy.
TRUE BELIEVERS?: Some investors were skeptical that the Fed's moves will help the economy in the long term. But even they wanted to take advantage of the short-term stock market gains.
THE RUSSELL CROWS: The Russell 2000 index, which tracks smaller public companies, briefly traded above its highest close of all time.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
