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.
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