Stocks Are Exploding Higher
Dec 16, 2013, 20:17 IST
After a rough week, U.S. markets are surging.
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The Dow is up 165 points, the S&P 500 is up 14 points, and the Nasdaq is up 30 points.
Earlier today, we learned industrial production jumped 1.1% in November, smashing expectations for a 0.6% gain.
All eyes are on the Federal Reserve this week as it holds its two-day FOMC meeting to discuss the path of monetary policy. For now, economists expect the Fed to announce no change in its near-zero interest rate target or its $85 billion quantitative easing program.
Here's the intraday Dow futures action via FinViz:
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