US mkts end higher on central bank's plan to buy govt debt While Asian mkts trading mixed: Nikkei, Hang Seng down

US mkts end higher on central bank's plan to buy govt debt While Asian mkts trading mixed: Nikkei, Hang Seng down

The Federal Reserve fueled the rally on Wall Street after the central bank announced a plan to buy up to USD 300 billion of longer-term US government debt in the next six months and expand its purchases of mortgage-related debt.

The Dow Jones Industrial Average closed at 7,486.58, up 90.88 points or 1.23%, after recovering 230 points from day's low of 7,257. The NASDAQ Composite went up 29.11 points or 1.99%, to 1,491.22, after recovering 45 points from day's low of 1,448. The S&P 500 shut shop at 794.35, up 16.23 points or 2.09%, after recovering 28 points from day's low of 766.