Wall Street ends at multi-year highs on Fed

(Reuters) – U.S. stocks rose for a fourth straight session on Friday to close out the week at nearly five-year highs after the Federal Reserve took bold action to spur the economy, a move that could keep equities buoyed in the coming months.

Shares of Apple Inc, the largest U.S. company by market value, ended at an all-time peak, and Exxon Mobil, the second biggest, hit a four-year high.

Equities are in a run-up that has pushed the S&P 500 to end higher for four consecutive months. The extended advance has come mainly from actions by Europe’s and the United States’ central banks to keep interest rates low and stimulate their struggling economies.

The Fed said Thursday that it would keep up its aggressive bond-buying until unemployment falls. Read more of this post


Fed says top banks fared well in stress tests

Reuters– The majority of the largest banks will continue to have enough capital to satisfy regulators, even if they suffer a financial shock that includes unemployment hitting 13 percent and a 21 percent drop in housing prices Read more of this post

Who open today Dow Jones?

Open Dow Jones today 3/12/2012

Open: DJI 12920.58 +3.63 | DJC 4378.03 +0.68 | DJT 5161.93 -0.66 | DJU 454.96 +0.24 | GDOW 1979.17 -1.92 | 9:30AM 12-Mar-2012