Stocks traded broadly higher following comments from the Fed that they will not start a QE3 program...at least not yet. Here are the closing numbers:
Dow +134 to 11284
Nas +60 to 2479
S&P +17 to 1176
Briefly it looked like traders were going to sell off their holdings as we moved into an uncertain weekend, but the selloff didn't hold. The worries are that the exchanges will not be able to open on Monday due to Huricane Irene. The NYSE assures everyone that they will be open...no matter what happens. We shall see.
All in all, it was a nice close to the week.
Have a nice weekend and stay safe everybody!!!
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