Stocks Soar, Dow Up 322

Analyst chalks it up to psychology
By Kevin Spak,  Newser Staff
Posted Aug 23, 2011 3:42 PM CDT
Stocks Soar, Dow Up 322
Trader Jonathan Corpina, center, smiles as he works on the floor of the New York Stock Exchange Monday, Aug. 22, 2011.   (AP Photo/Richard Drew)

(Newser) – Stocks had their best day in more than a week today, with the Dow jumping a whopping 322 points, while the Nasdaq and S&P gained 101 and 39 points respectively. Investors are betting that the Federal Reserve will heap more stimulus on the economy this week, Bloomberg reports, while a market analyst tells MarketWatch that the rally should be chalked up to “a shift in investor psychology.” (Read more stock market stories.)

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