Market recap: Stocks survived a bumpy ride with modest gains, led by financials and telecoms,...

|By:, SA News Editor
Market recap: Stocks survived a bumpy ride with modest gains, led by financials and telecoms, after the FOMC revealed its QE2 plan. The Fed move fell within expectations, so the end result was largely priced into stocks. The 10-year Treasury sank, pushing the yield up to 2.634%; gold and metals also fell. On the NYSE, advancers led decliners nearly three to two.