How the major stock indexes fared Thursday (AP)
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The Federal Reserve wanted to push interest rates lower and jump-start financial markets with its $600 billion economic stimulus plan. So far the Fed is getting the results it wants. Long-term interest rates sank and stocks indexes hit new highs Thursday, a day after the Fed announced its massive bond-buying plan. The Dow Jones industrial average soared more than 220 points, reaching another high for the year. All three main stock indexes have now reached 2010 highs this week.
The Dow Jones industrial average rose 219.71, or 2.0 percent, to 11,434.84.
The Standard & Poor's 500 index rose 23.10, or 1.9 percent, to 1,221.06.
The Nasdaq composite index rose 37.07, or 1.5 percent to 2,577.34.
For the week:
The Dow is up 316.35, or 2.8 percent.
The S&P is up 37.80, or 3.2 percent.
The Nasdaq is up 69.93, or 2.8 percent.
For the year:
The Dow is up 1,006.79, or 9.7 percent.
The S&P is up 105.96, or 9.5 percent.
The Nasdaq is up 308.19, or 13.6 percent.
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