Posts Tagged ‘stocks’

Stocks Up, Commodities Up…

Friday, November 5th, 2010

The Dow Jones Industrial Average and the S&P 500 both ended at their highest levels since 2008, before the Lehman Brothers collapse.
This was largely a reaction to the Federal Reserve’s decision to buy more than $600 bill of additional debt from the Treasury, commonly called round two of Quantitative Easing (QE2).
Another result was a drop in the dollar: the US Dollar Index dropped below 76 for the first time since last December.