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Stocks Climb After Fed Pledges To Hold Rates Low


Traders work on the floor of the New York Stock Exchange shortly after the Federal Reserve announcement on interest rates March 16, 2010, in New York City.
Source: Mario Tama/Getty Images

The Dow Jones industrial average has closed at a new 2010 high as investors grow more confident that interest rates will stay at their current low levels. According to preliminary calculations, the Dow rose 47.69, or 0.5 percent, to 10,733.67. The Dow topped its earlier high for 2010 of 10,725.43 from Jan. 19.


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