Closing Bell

The Dow closed above 11,000 today for the first time in five months as hopes built that the Fed will take more action to get the economy going again. A weaker jobs report added additional expectations that the Fed will announce new steps to encourage borrowing when it meets in early November. The assumption is that if the Fed keeps lowering rates then this will drive investors into riskier assets like stocks or into currencies in countries with more attractive interest rates.