Stocks finish higher after release of Fed minutes

AP News
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Posted: Oct 12, 2010 4:42 PM
Stocks finish higher after release of Fed minutes

FED READY TO HELP: Minutes released from the latest meeting of the Federal Reserve signaled that the central bank is prepared to take additional steps to encourage spending. The move was expected by traders, who have been pushing stock prices higher on the assumption that the Fed will buy bonds.

APPLE NEAR $300: Shares in Apple Inc. rose to a record $298.54 after Wal-Mart Stores Inc. announced that its stores would carry the popular iPad.

INTEL BEATS: Intel Corp. announced after the bell that its earnings per share and revenues both beat analyst expecations.