Stocks Set Highs for 2010 After Boost from the Fed

By  | 

New York, NY (AP) - Stocks indexes are setting new highs for the
year, a day after the Federal Reserve announced a $600 billion plan
to boost the economy.

According to preliminary estimates, the Dow Jones industrial
average is up 220 points, or 2 percent, to close at 11,435. That's
a new high for the year, toppling yesterday's high of 11,215.

The broader S&P 500 index rose 23 points, or 1.9 percent, to
1,221, and the Nasdaq composite gained 37 points, or 1.4 percent to
2,577.

All three stocks indexes hit their highest level of the year
week.

Five stocks rose for every one that fell on the New York Stock
Exchange, where trading volume came to 1.4 billion shares.

(Copyright 2010 by The Associated Press. All Rights Reserved.)