U.S. stocks climbed to record highs after the Federal Reserve decided after todays meeting that it will continue it’s monthly $85 Billion stimulus into the economy. The reason for this is because the Committee of the Federal Reserve believes that the economy as of right now isn’t strong enough to stand on it’s own. Thus the Committee needs more evidence to see if the economy really improved and has the ability to stand on it’s own.
U.S. stocks volume surged after the Fed’s announcement. About 552 million shares traded on all exchanges in the 10 minutes after 2 p.m., compared with 113 million in the preceding 10 minutes, according to data compiled by Bloomberg.
The Dow Jones industrial average (^DJI) was up 146.44 points, or 0.94 percent, at 15,676.17, according to the latest data. The Standard & Poor’s 500 Index (^GSPC) was up 20.67 points, or 1.21 percent, at 1,725.43. The Nasdaq Composite Index (^IXIC) was up 37.94 points, or 1.01 percent, at 3,783.64.