Special offer

Quantitative Easing Bolsters Stocks

By
Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Stocks closed up today keeping pace with European markets as traders reached a comprehensive acclaim bout the  continuation of quantitative easing both here and in Europe.  The continued endeavor to keep rates low and pump up equity markets and hopefully economic growth by buying Treasury equivalents and MBS bonds was celebrated universally today and equity  markets around the world rallied throughout the day.  Not only did the Dow and the S &P 500 close at record highs, but stocks closed up for the 20th consecutive Tuesday today, another record.  The Dow closed up 106 points.