US stocks continue climb on Fed QE3 boost

Reported by AAP
Friday, September 14, 2012

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US stocks have pushed higher in opening trade after Thursday's rally as the impact of the Federal Reserve's new stimulus measures buoy markets around the world.

In the first five minutes of trade on Friday, the Dow Jones Industrial Average was up 35.46 points (0.26 per cent) at 13,575.32.

The S&P 500-stock index added 5.93 (0.41 per cent) to 1,465.92, while the tech-rich Nasdaq gained 15.63 (0.50 per cent) to 3171.46.

Markets in Europe and Asia were roundly higher after the Fed announced its QE3 bond-buying program on Thursday and pledged to keep going with stimulus until the economy and jobs market showed solid signs of sustained growth.

Mining and energy shares led the way higher, followed by banks.

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19/06/2013 11:59Sydney, Australia. 19 June,2013
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