Stocks At New High
The Dow hit another high today.
Stocks finished higher Wednesday, wiping out most of the past week’s losses, after the Federal Reserve reaffirmed its policies on bond purchases and record-low interest rates and as investors shrugged off concerns over Cyprus.
“Count on the Fed to prop up this market for a bit longer—I think Bernanke along with investor dissatisfaction for other asset classes have been the main reasons for this remarkable resilience in the equity market,” said Uri Landesman, president at Platinum Partners.Click here for reuse options!
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