By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism.
Stocks open higher day after Fed move
Placeholder Image

NEW YORK (AP) - Stocks are opening higher on Wall Street a day after the Federal Reserve promised more help for the economy.

Just after the opening bell, the Dow Jones industrial average is up 37 points at 13,577. The Standard & Poor's 500 index is up four at 1,463. The Nasdaq composite index is up 11 at 3,167.

The Dow jumped 206 points on Thursday after the Fed announced a series of aggressive steps. They included $40 billion a month in mortgage-bond purchases and an extension of the Fed's guarantee of super-low interest rates into 2015.

European and Asian stocks spiked on Friday in their first trading after the Fed move. French stocks are up 2 percent and German stocks 1 percent. The Nikkei average in Japan climbed almost 2 percent.