Updated from 9:26 a.m. EST
Stocks on Wall Street were building on a recent two-day rally at Tuesday's open, after the Federal Reserve announced a $600 billion program to aid government-backed mortgage firms and a $200 billion program to aid consumers hurt by the credit crisis.
The Dow Jones Industrial Average was gaining 109 points to 8552, and the S&P 500 was adding 12 points to 864. The Nasdaq tacked on 7.7 points to 1480.
Futures had earlier suggested that investors would be taking profits from the previous two sessions' impressive gains. However, following the Fed's announcement that it would buy direct obligations and mortgage-backed securities tied to the Federal Home Loan Banks and Fannie Mae (FNM Quote), Freddie Mac (FRE Quote) and Ginnie Mae, premarket trading took a more bullish tone. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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DOWN
154.48
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DOWN
19.14
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DOWN
37.61
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DOWN
0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.73%
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-1.46%
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