Saturday, November 1, 2014

BOJ Stimulus Surprise Boosts Global Stocks

U.S. stocks rose at the open on Friday as markets rallied globally after the Bank of Japan significantly ramped up its stimulus program just days after the Federal Reserve wound down its own package of U.S. economic incentives.

The Dow Jones industrial average .DJI rose 152.26 points, or 0.89 percent, to 17,347.68, the S&P 500 .SPX gained 18.49 points, or 0.93 percent, to 2,013.14 and the Nasdaq Composite .IXIC added 62.11 points, or 1.36 percent, to 4,628.25.

The Dow set a record intraday high.

via Reuters

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