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THURSDAY, NOVEMBER 26, 2009
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Dow Surges 168 on Fed Hopes

Consumer spending bump supports solid gains

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(Newser) – Stocks gained today but ended off session highs after good news from a key Federal Reserve body, the Wall Street Journal reports. The Open Market Committee said it saw evidence the economy is stabilizing, and the Fed said it may increase purchases of Treasury securities to lower borrowing costs. The Dow gained 168.46 to close at 8,185.73. The Nasdaq added 38.13, to 1,711.94, and the S&P 500 rose 18.48, closing at 873.64.

Traders work on the floor of the New York Stock Exchange today.
Traders work on the floor of the New York Stock Exchange today.   (AP Photo)
Traders work on the floor of the New York Stock Exchange moments before the Federal Reserve announcement on interest rates today.
Traders work on the floor of the New York Stock Exchange moments before the Federal Reserve announcement on interest rates today.   (Getty Images)
Traders work on the floor of the New York Stock Exchange moments before the Federal Reserve announcement on interest rates April 29, 2009 in New York City.
Traders work on the floor of the New York Stock Exchange moments before the Federal Reserve announcement on interest rates April 29, 2009 in New York City.   (Getty Images)
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