Economy/Business News Alert: Markets close higher after a volatile day of trading

Tuesday, August 9, 2011

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Economy/Business News Alert: Markets close higher after a volatile day of trading
August 9, 2011 4:07:26 PM
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U.S. stock markets closed sharply higher after a volatile day of trading in which stocks swung wildly after the Federal Reserve said that it would keep interest rates low until mid-2013. The Dow Jones industrial average closed up 4 percent, or 430 points, while the S&P 500, a broader measure of stocks, rose 4.8 percent, or 53 points.

http://link.email.washingtonpost.com/r/TNGYL1/JI3QAU/HRGBX9/H0UBP4/SIXWD/XL/h

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