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Markets Move Higher With Fed Support

Matt Thalman
March 31, 2014

The major indexes came on strong today as the Dow Jones Industrial Average (DJINDICES: ^DJI) rose 134 points, or 0.82%, while the S&P 500 jumped 0.79% and the Nasdaq increased by 1.04%. The rally was spurred by Federal Reserve Chairwoman Janet Yellen's comments that the economy still needs extraordinary support and will need it for some time. That gave investors confidence that the Fed wouldn't stop stimulating the economy before it was strong enough to support itself.

Within the Dow, shares of Johnson & Johnson (NYSE: JNJ) rose 0.81% after the announcement was made that the company had accepted a $4 billion offer from The Carlyle Group, a Washington, D.C., private equity firm, for Johnson & Johnson's Ortho-Clinical business. The unit works with hospitals, blood banks, and labs supplying equipment and chemicals used to test blood for