News Summary: For 2nd day, Fed sends stocks higher

Associated Press Modified: September 16, 2012 at 11:45 am •  Published: September 16, 2012

THE FED EFFECT: Stocks rose Friday, energized for a second day by the Federal Reserve's promise to take new steps to try to heal the economy.

TRUE BELIEVERS?: Some investors were skeptical that the Fed's moves will help the economy in the long term. But even they wanted to take advantage of the short-term stock market gains.

THE RUSSELL CROWS: The Russell 2000 index, which tracks smaller public companies, briefly traded above its highest close of all time.

Trending Now


  1. 1
    9-year-old girl dies from brain-eating amoeba after swimming
  2. 2
    Did Pope Francis really tell a 90-year-old atheist journalist that 1 in 50 priests are pedophiles?
  3. 3
    Facebook and Twitter won the World Cup Final
  4. 4
    Dead body falls out of coroner's van along busy road
  5. 5
    Tracy Morgan: Recovering in style -- first pic since NJ turnpike crash
+ show more