Stock Market hits 4 Year High

By: Associated Press
By: Associated Press

3 P.M.
NEW YORK (AP) -- Stocks are soaring on Wall Street.
The Federal Reserve announced a package of aggressive measures to help the economy. And it was just what investors wanted to hear.
The Dow Jones industrial average is up 230 points at 13,563. That's a four-year high. The Standard & Poor's 500 index and Nasdaq composite index are each posting gains of more than 1.5 percent.
The Fed says it will keep interest rates super-low into 2015. It also announced an open-ended package of bond purchases.

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