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US stocks hit new records

by AFP Videos 0:18 mins

US stocks hit new records

by AFP Videos 0:18 mins

SHOTLIST: NEW YORK, 10 APRIL, 2013, SOURCE: NYSE **NO RESALE fof non-editorial purposes** - VAR of closing bell at New York Stock Exchange after new records for Dow Jones and S&P 500 ------------------ AFP TEXT STORY Stocks-US-close US stocks hit new records on Fed minutes NEW YORK, April 10, 2013 (AFP) - US stocks powered to new record highs Wednesday after Federal Reserve meeting minutes suggested the Fed's easy-money policies would remain in place for a while longer. The Dow Jones Industrial Average rose 128.86 (0.88 percent) to 14,802.32, a new all-time closing high. The broad-based S&P 500 surged 19.11 (1.22 percent) higher to 1,587.72, also a record. The Nasdaq Composite Index rose 59.39 (1.83 percent) to 3,297.76, reaching its highest level since November 2000. The gains came after Federal Reserve minutes suggested aggressive stimulus measures would be in place until the jobs market improves. Last week's weak jobs report suggests that could be a while. "Reduced fears of tightening monetary policy is helping lift the market after the FOMC minutes showed a majority of the Fed is still opposed to tampering its bond-buying program," said Wells Fargo in a market note. jmb/pmh

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