Fed’s stimulus move ignites Wall Street
NEW YORK (Reuters) – Stocks surged to multi-year highs on Thursday after the Federal Reserve announced an aggressive plan to stimulate the economy, encouraging investors to dive back into the market. The Dow and the S&P 500 both closed at their highest levels since December 2007, while the Nasdaq ended at the highest since November 2000. Major market names were big winners, with Apple Inc , the most valuable U. S. company, ending at an all-time closing high and No. 2 Exxon Mobil , closing at a four-year high. . . .
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