Stocks, Commodities Rally on Fed Bond-Buying Plan
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Stocks rallied around the world, commodities surged and the dollar slid as the Federal Reserve’s plan to buy mortgage securities fueled demand for riskier assets. Oil rose to a four-month high and Treasuries sank.
The Standard & Poor’s 500 Index gained 0.4 percent to 1,465.77 at 4 p.m. in New York, its highest level since December