The Wall Street Journal reports the Federal Reserve can still wow markets, with Chairman Ben Bernanke's low-rate announcement Wednesday setting blue-chip stocks to an eight-month high.
The newspaper reported that stocks, bonds and commodities jumped after the Federal Reserve indicated it would keep rates "exceptionally low" until at least 2014. That was longer than investors had thought, WSJ said. The news turned around the Dow Jones Industrial Average which soared 81 points after sharply trading down before the Fed release. The Dow is now up nearly 20 percent from its 52-week low.
The Dow was up early Thursday as well.
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