US STOCKS-Broad rally lifts Wall St to record as BoJ bumps up stimulus

viernes 31 de octubre de 2014 12:15 GYT

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By Rodrigo Campos

NEW YORK, Oct 31 (Reuters) - The Dow industrials hit a record high on Friday as stocks rallied on Wall Street after the Bank of Japan significantly ramped up its stimulus program, just days after the Federal Reserve wound down its years-long package of incentives.

The S&P 500 came within 0.1 percent of its record high, after the December e-minis contract hit an intraday record earlier.

Gains were broad, with 123 new 52-week highs on the S&P 500 versus just two new lows. The Nasdaq Composite recorded 209 new highs and 27 new lows.

The BoJ's board voted 5-4 to accelerate purchases of Japanese government bonds while tripling its purchases of exchange-traded funds and real-estate investment trusts.

At the same time, Japan's $1.2 trillion Government Pension Investment Fund announced new allocations for its portfolio, raising its holdings of domestic and foreign stock holdings to 25 percent each from 12 percent.   Continuación...