Dow, S&P 500 end at record highs after Fed trims stimulus: Thomson Reuters Business News - MSN Money
The Dow advanced 292 points for the day and set another record. Since the Federal Reserve removed uncertainty from the stock market with a gradual taper on monthly asset purchases, stocks responded great. The Fed also assured the market that interest rates will remain at the bottom for even longer than previously planned. Housing starts in November rose to the highest point in almost six years. Then, finally, the Senate passed the budget bill that the House had already approved so that Congress will have smooth sailing through 2015.
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