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Stocks Surge After Fed Announces New Stimulus

U.S. stocks surged Thursday after the Federal Reserve unveiled a long-awaited package of aggressive steps to spur economic growth.

WWJ Newsradio 950–2012/09/13

Applause breaks out at the New York Stock Exchange (credit: John Moore/Getty Images)

Dow Closes Above 13,000 For First Time Since 2008 Crisis

After a week of fits and starts, the Dow Jones Industrial Average finally closed above 13,000 — 13,005.12, to be exact — for the first time since May 19, 2008.

WWJ Newsradio 950–2012/02/28

A trader works on the floor of the New York Stock Exchange,Thursday, Sept. 22, 2011, in New York. (AP Photo/ Louis Lanzano)

U.S. Stocks Plummet On Global Recession Fears

Investors on Wall Street and around the world sold stocks with abandon Thursday, more convinced than ever that the United States and perhaps the globe are headed for a new recession.

WWJ Newsradio 950–2011/09/22

Ed Montgomery Announces Recovery Act Award For Detroit Smart Grid Program

Shaky Wall Street Has Bing Concerned About Debt

Wall Street’s rocky ride has Detroit Mayor Dave Bing looking at his city’s long-term financial picture.

2011/08/11

Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington. (AP Photo)

Fed To Investors: Interest Rates To Stay Low

The Federal Reserve says it will likely keep interest rates at record lows for the next two years after acknowledging that the economy is weaker than it had thought, with increasing risks.

WWJ Newsradio 950–2011/08/09

Stocks Tumble After S&P Downgrade Of US

The Dow plummeted more than 600 points in afternoon trading. Several Michigan stocks took a hit.

WWJ Newsradio 950–2011/08/08

Mortgage Interest Rates Near All-time Lows

The sputtering economy is keeping mortgage rates low, with some fixed rates now hovering near four percent.

WWJ Newsradio 950–2011/08/08

Video: Worst Week On Wall Street

Wrapping up the worst week on Wall Street since 2008, WWJ’s Vickie Thomas caught up with a local financial planner.

WWJ Newsradio 950–2011/08/05

Traders work on the floor of the New York Stock Exchange Aug. 4, 2011, in New York. (AP Photo)

Stock Market Plummets, Auto Stocks Among Hardest Hit

The Dow Jones industrial average plunged more than 500 points Thursday.

WWJ Newsradio 950–2011/08/04

Fiat Looking To Increase Ownership Stake In Chrysler

Fiat is preparing to raise its ownership stake in Chrysler from its current 30% to 46%, spending 1.3 billion dollars in order to increase its interest in Chrysler.

WWJ Newsradio 950–2011/04/21

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