U.S. stock markets on Thursday soared to multi-year highs after the Federal Reserve announced aggressive new monetary stimulus measures to bolster the flagging economy. The Dow Jones Industrial Average climbed 206.51 points, or 1.55 percent, to close at 13,539.86, while the larger S&P 500 index surged 23.43 points, or 1.63 percent, to end the day at 1,459.99. Both the Dow and the S&P 500 closed at their highest levels since December 2007.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- How academia's liberal bias is killing social science
- 43 TV shows to watch in 2014
- Why Pakistan won't hunt down the terrorists within its borders
- What would a U.S.-Russia war look like?
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Vox, derp, and the intellectual stagnation of the left
- Diagnosing the Home Alone burglars' injuries: A professional weighs in
- Sorry, GOP, tax cuts don't pay for themselves
- Pope Francis' American problem
- A brief history of the Christmas present
Subscribe to the Week