Stocks soar on Fed statement

	Duration: 02:58 minutes Upload Time: 2007-03-21 23:36:39 User: reutersvideo :::: Favorites :::: Top Videos of Day
Tags: Dow  Nasdaq  Fed  Reserve   Description: U.S. stocks surged more than 1 percent across the board after the Federal Reserve seemed to drop its bias towards higher rates.The Dow jumped 159 points to 12,447. The Nasdaq and the S&P 500 have turned positive year-to-date. Crude oil settled above $60 a barrel on gasoline supply worries. Conway G. Gittens reports from New York.
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