You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Snapshot: With Fed apt to sit tight, Dow sets record

Continue reading below

The Dow hit a record high on expectations the Fed, which is in the middle of a two-day meeting, will keep its stimulus intact. The index also got a boost from IBM; it will buy back $15 billion more of its stock. IBM rose 2.7%, accounting for a quarter of the Dow’s gain. The S&P 500 rose 0.6% to its seventh record high this month. About half of S&P 500 companies have posted third-quarter results; most are doing better than expected. Two weak reports may have encouraged investors by suggesting any slowdown in the Fed’s stimulus could be a ways off: Retail sales fell 0.1% in September, and confidence in the economy fell this month to a 6-month low.

Loading comments...
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.