Stocks Continue Record-Breaking Surge

The two major indexes have gained for six straight weeks

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The two major stock indices closed at record highs Friday for the third straight day, marking six weeks of gains amid indications that the Federal Reserve will continue its stimulus policies.

The Dow Jones Industrial Average closed at 15961.70, up 85.48 points or 0.54%. The S&P 500 was up 7.56 points, or 0.42%, to 1798.18.

Janet Yellen, the nominee to be the next Fed Chairman, said in a Senate confirmation hearing Thursday that she would continue the stimulus until the economy improves further.

[CNBC]

3 comments
Brevspread.com
Brevspread.com

What in the policy in particular stimulates the economy?

Truth_Seeker
Truth_Seeker

"A man should look for what is and not for what he thinks should be." --Albert Einstein.


If you want to start looking for "what is," go to truthcontest' com and open "The Present."

btt1943
btt1943

Yellen says, "No housing bubbles, no stock bubbles, no QE tapering". In other words, no new expectation. The Fed will continue its policy left over by Bernanke and it prefers to maintain the status quo.

Dow reacts favorably and soars to its new high. Is that not wonderful?