The mere discussion of more economic stimulus from the Federal Reserve was enough to send stocks higher Tuesday. The Dow Jones industrial average had its third day of gains.
Minutes from the Fed's latest policy meeting on Aug. 9 showed that central bank officials discussed a variety of options to bolster the economy, including buying more Treasury bonds. In the end, they decided to keep interest rates low until at least mid-2013. The news that more aggressive action was being considered gave investors a reason to buy stocks.
The Dow rose 20.70 points, or 0.2 percent, to 11,559.95.
The Standard & Poor's 500 rose 2.84 points, or 0.2 percent, to 1,212.92.
The Nasdaq composite index rose 14, or 0.6 percent, to 2,576.11.
For the week:
The Dow is up 275.41 points, or 2.4 percent.
The S&P 500 is up 36.12, or 3.1 percent.
The Nasdaq is up 96.26, or 3.9 percent.
For the year to date:
The Dow is down 17.56, or 0.2 percent.
The S&P 500 is down 44.72, or 3.6 percent.
The Nasdaq is down 76.76, or 2.9 percent.