stocks jumped this morning, a signal that investors believe the Federal Reserve
will keep its easy money policy unchanged at a two-day policy meeting this
The Dow Jones industrial average gained 1.1%, 166.34 points, to 15,236.52. The S&P 500 added 1%, 16.1 points, to 1,642.81, and the Nasdaq composite went up 1.1%, 36.2 points, to 3,459.79.
Policymakers are divided on when to stop the stimulus that has propelled equities to record highs and kept interest rates low. Fed Chairman Ben Bernanke said the central bank may begin to end its $85 billion-a-month bond-buying program “in the next few meetings.”