The Dow Jones Industrial Average handsomely rewarded investors this week, closing up more than 2% after the Fed loaded their QEIII bazooka with more cash to fire at the economy. The Fed will be buying $40 billion in mortgage-backed securities each month of an undetermined period until the unemployment situation improves.
There were a few stocks that soared in excess of the Dow's 2% gain though. Bank of America, Alcoa, and Caterpillar all had impressive weekly performances, closing up over 8.5%, 8.1%, and 5.6%, respectively.
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Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.