The Fed says in its beige book, which details economic conditions around the nation, that the economy has slowed further in the last two months. Still, investors appear relieved the report wasn't worse.
Stocks have been higher after five days of selling on word of a possible Chinese economic stimulus package and an Obama administration plan to help struggling homeowners.
The Dow is up 144 points at the 6,870 level. The S&P 500 index is up 14 at 711, while the Nasdaq composite index is up 30 at 1,352.
___
On the Net:
New York Stock Exchange: http://www.nyse.com
Nasdaq Stock Market: http://www.nasdaq.com
Morey money-related links:
CLICK HERE to follow Action News on Twitter
CLICK HERE to get Action News on your website
CLICK HERE to find Action News on Facebook