The stock market staged a huge rally after  investors got the aggressive economic help they wanted from the  Federal Reserve. The Dow Jones industrial average is finishing up more than 200 points.

Stock Market
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The gain pushed the Dow to 13,540, its highest level since December 2007, the start of the Great Recession. The Standard & Poor's 500 index is finishing up 23 points at 1,460. The Nasdaq composite ends the day up 42 at 3,156.

The Fed says it will spend $40 billion a month to purchase mortgage securities because the economy is too weak to reduce high unemployment. It has also extended its pledge of super-low interest rates into 2015.

There were nearly 10 stocks rising for every one falling. Volume was high, 4.5 billion shares.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

 

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