The market surged today,as the Fed announced more stimulus. The Dow
Every one of the Dow's 30 components wasup today, and the banks led the charge. Bank of America was up 4.8%,to close at $9.40, and JPMorgan was up 3.7%,to close at $41.40. As the motor oil lubricating commerce, the banks are obvious beneficiaries of any efforts to boost the economy. And the nation's central bank attempting to do so, by buying mortgage-backed securities (which banks tend to own a lot of),is doubly so.
Another sector rallying mightily today was mining. In the S&P 500, Alpha Natural Resources
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