By  on September 13, 2012

The Ben S. Bernanke-led Federal Reserve said the U.S. recovery was weak enough and that the threats from global financial instability were great enough that it would step in to support the economy.

Investors approved of the widely expected move and pushed the Dow Jones Industrial Average up 0.7 percent, or 96.72 points, to 13,430.07 by 1:00 in New York. The S&P Retail Index rose 0.6 percent, or 3.74 points to 659.74.

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