NEW YORK (AP) - April 29, 2009 Federal Reserve policymakers said at the end of a two-day
meeting Wednesday that while the economy is still receding, the
pace of decline "appears to be somewhat slower" than the last
time they met in mid-March.
That was confirmation enough for the stock market, which is
ending with gains of more than 2 percent.
The Dow is up 169 at 8,186. The Standard & Poor's 500 index is
up 18 at 874 and the Nasdaq composite index is up 38 at 1,712.
About five stocks rose for every one that fell on New York Stock
Exchange, where volume came to 1.46 billion shares.
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