Equities rise on Fed stimulus plan for second day
NEW YORK (Reuters) – Stocks rallied for a fourth straight day on Friday, continuing a surge ignited by the Federal Reserve’s aggressive new plan to stimulate the economy. Apple Inc and Exxon Mobil , the two largest U. S. companies by market value, reached new multi-year highs, and the small-cap Russell 2000 index hit a record peak. Equities are in the midst of a run-up in which the S&P 500 has posted gains for four consecutive months, fueled by the actions of Europe’s and the United States’ central banks to keep interest rates low and stimulate their struggling economies. . . .
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