Thursday, July 11, 2013 9:47 am
Stocks jump after Fed keeps stimulus in place
The Associated Press
The Dow Jones industrial average was up 151 points, or 1 percent, to 15,443 after the first few minutes of trading Thursday.
The Standard & Poor's 500 index rose 17 points, also 1 percent, to 1,670.
The early advance put the Dow and S&P above their previous record closes set in May.
All 10 industry groups in the S&P 500 rose.
Investors also bought bonds after being reassured that the Fed was not in a hurry to pull back on its huge bond-buying program.
The yield on the benchmark 10-year Treasury note fell to 2.59 percent from 2.63 percent late Wednesday.