Stocks Soar, Dow Up 322

Analyst chalks it up to psychology
Posted Aug 23, 2011 3:42 PM CDT
Stocks Soar, Dow Up 322
Trader Jonathan Corpina, center, smiles as he works on the floor of the New York Stock Exchange Monday, Aug. 22, 2011.   (AP Photo/Richard Drew)

Stocks had their best day in more than a week today, with the Dow jumping a whopping 322 points, while the Nasdaq and S&P gained 101 and 39 points respectively. Investors are betting that the Federal Reserve will heap more stimulus on the economy this week, Bloomberg reports, while a market analyst tells MarketWatch that the rally should be chalked up to “a shift in investor psychology.” (More stock market stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X