Stocks Surge To Record Highs After Fed Announcement

(New York, NY) -- The Federal Reserve is easing back its economic stimulus and stocks responded Wednesday by soaring to record highs. The Dow Jones Industrial Average rose 293 points to 16-168. The S&P 500 gained 29 points to finish at 18-11. Fed chief Ben Bernanke announced today the government would ease back on its stimulus bond-buying program by ten-million dollars because of how much the economy has been improving.