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Federal Reserve Stimulus Boosts Dow Jones Industrial Average, S&P 500

Stocks Jump On Stimulus Announcement
Reuters
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FILE-In this Friday Sept. 7, 2012, file photo, trader Richard Scardino, center, works on the floor of the New York Stock Exchange. Stocks edged higher during trading on Wednesday, Sept. 12, 2012. Investors were happy to see that Germany's highest court cleared the way for that country to participate in a European rescue fund. Attentions now shift to the Federal Reserve, which wraps up its two-day meeting Thursday. (AP Photo/Richard Drew, File)

NEW YORK, Sept 13 (Reuters) - U.S. stocks rose further on Thursday after the U.S. Federal Reserve launched another aggressive stimulus program, saying it will buy $40 billion of mortgage debt each month and continue to purchase assets until the outlook for jobs improves substantially.

The Dow Jones industrial average gained 76.35 points, or 0.57 percent, to 13,409.70. The Standard & Poor's 500 Index gained 7.29 points, or 0.51 percent, to 1,443.85. The Nasdaq Composite Index gained 14.21 points, or 0.46 percent, to 3,128.52.

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