UPDATE: Stocks, Bonds Rise Sharply as Fed Keeps Stimulus 9/18/13
NEW YORK - Investors have been plowing money into stocks and bonds after the Federal Reserve's surprise decision to keep its economic stimulus program in place.
The news sent the Standard & Poor's 500 index and the Dow Jones industrial average to record highs.
Bond yields fell sharply after the central bank said it would continue its huge bond-buying program.
Gold prices also rose and the dollar fell as investors anticipated that the continuation of the program might lead to inflation.