Boosted by Fed, U.S. stocks rally like it's 2009

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Boosted by Fed, U.S. stocks rally like it's 2009
from MarketWatch.com - MarketPulse NEW YORK (MarketWatch) -- U.S. stocks surged Wednesday, with the Dow industrials tallying their best day since March 23, 2009, after the Federal Reserve and other central banks moved to help banks hit by Europe's debt crisis. "Everybody has '08 and '09 in the back of their head, this does give you more confidence that that scenario -- I can't say it goes away, but is at least delayed," said David Hefty, chief executive officer at Hefty Wealth Partners in Auburn, Ind. The Dow Jones Industrial Average added 490.05 points, or 4.2%, to 12,045.68, up 0.8% for November. The S&P 500 Index rose 51.77 points, or 4.3%, to 1,246.96, down 0.5% for the month. The Nasdaq Composite climbed 104.83 points, or 4.2%, to 2,620.34, off 2.4% from the end of October.