After a wild and volatile day of trading, the stock market experienced its largest single-day gain yesterday since May 2010 as investors responded to the Federal Reserve’s announcement that it will keep interest rates at a record low “at least through mid-2013.”
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!