PAUL KANGAS: Wall Street moved higher amid confidence the Fed meeting would provide more optimism about the economy. Stocks were also bolstered by a weaker dollar and stronger commodity prices, sending the Dow up 60 points by noon with the NASDAQ rising 12 points. Stocks remained higher this afternoon as more buyers appeared to be coming off the sidelines afraid of missing out on the continuing uptrend in stocks. Strong demand for an auction of two year Treasury notes was another positive, helping the major averages close at their best levels of the year. The Dow Industrial Average ended up 51.01 at 9829.87. The NASDAQ Composite added 8.26 points to 2146.30, while the Standard & Poor's 500 Index gained exactly 7 points ending at 1071.66. Over in the bond market, the 10-year note gained 10/32 to 101 17/32, putting the yield at 3.44 percent.
On 9/22/08, The Dow Jones industrials closed down 372 points after spending the day deep in negative territory:
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