Summary Box: Stocks rise on hopes for stimulus

AP News
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Posted: Aug 30, 2011 5:49 PM
Summary Box: Stocks rise on hopes for stimulus

MORE STIMULUS?: Stocks rose on hopes of more economic stimulus from the Fed. Minutes showed that Federal Reserve officials discussed a variety of options to bolster the economy at its Aug. 9 meeting, including buying more Treasury bonds. In the end, they decided to keep interest rates low until at least mid-2013.

NOT CONFIDENT: An index of consumer confidence plunged in August to the lowest level since April 2009.

THE INDEXES: The Dow Jones industrial average 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 rose 14, or 0.6 percent, to 2,576.11.