MARKET SNAPSHOT: U.S. Stocks Jump As Fed, Allies Inject Liquidity

By Kate Gibson

U.S. stocks spiked higher Wednesday, with the Dow industrials up more than

100 points, after the Federal Reserve and four other central banks moved to

improve liquidity in the banking system and encourage short-term lending.

The Fed is coordinating its actions, designed to add $40 billion in liquidity,

with the European Central Bank, the Bank of England, the Bank of Canada and the

Swiss National Bank.

"Financial shares are surging as a result of this extraordinary measure," said

analysts at Action Economics.

TSX 13,896.89 + 173.18

CDN$ 0.9884 + 0.0033

DJIA 13,613.23 + 180.46

GOLD U$ 812.00 + 15.10

Nasdaq 2,699.59 + 47.24

S&P 500 1,500.20 + 22.55

TSX Vent 2,742.72 + 17.65