Prices rally again as the private sector unexpectedly sheds 39,000 employees.
The central bank sees weakness for the foreseeable future and promises to act to jolt the ailing patient. Stocks give up afternoon gains. The dollar and oil drop. Housing starts rise.
Prices slipped as investors awaited news from the committee's meeting.
The metal flirts with $1,300 on hedge fund buying and hints of monetary easing by the Fed.
The Empire State Manufacturing index drops 3 points, coming up short of expectations.
The Dow closes up 46 after the Fed sees 'widespread' signs of slowing growth. European worries ease. JPMorgan and Alcoa lead the blue chips. Oil falls back from $75.
The big question: Will the rally continue? Watch for more deals. The Fed's Beige Book report will be closely studied. So will President Obama's stimulus proposals to boost the economy.
The indexes end down more than 4% in August. Traders continue to be skeptical about the economy. Home prices rose in July, and consumer confidence gains slightly. Gold jumps above $1,250.
VIDEO ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.