BREAKING NEWS: Stocks Surge on Fed Taper News; Dow Up 155

Stocks were moving furiously higher on the heels of the Federal Reserve's announcement it will start to cut back on its monthly buying of Treasuries and mortgage-backed securities in January. The Dow is up 155 points, or 1%, recovering from sharp losses registered immediately after the announcement. The yield on the 10-year Treasury is actually moving lower, at 2.84% from 2.87% prior to the Fed's announcement.

For more on the markets' reaction http://www.foxbusiness.com/markets/2013/12/18/wall-street-in-holding-pattern-ahead-fed-decision/



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