Stocks open higher day after Fed move

Stocks open higher day after Fed move

By Christina Rexrode The Associated Press
Published Sep 14, 2012 07:13AM MDT
New York • Stocks opened higher Friday, on track to record one of their best weeks since June, after the Federal Reserve stepped in again to help the disappointing economic recovery. Just after the opening bell, the Dow Jones industrial average was up 65 points at 13,605. The Dow rocketed higher by 206 points on Thursday after the Fed announcement and closed at a four-year high. The Fed pledged to spend $40 billion a month on mortgage bonds to drive down long-term interest rates and push investo...
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