Wall Street News

Wall Street News

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U.S. stocks gain for the 2nd day


  • Stocks rise because they expect that the Federal Reserve will continue its stimulus into the economy.
  • The Fed’s two-day policy meeting started Tuesday, and traders are trying to guess its timeline for scaling back purchases of $85 billion per month of bonds. The policy, known as quantitative easing, has helped fuel stocks’ rally, taking major indexes to record levels. The S&P is about 1 percent away from its all-time closing high.

June 18, 2013

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