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

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



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