Stock Market Today: Fed Fuels Second Day of Stout Stock Surge

Markets rallied for a second straight session Thursday amid optimism over Fed messaging and China's most recent involvement in the Evergrande situation.

Concept art of a man running up a stock market arrow pointed up.
(Image credit: Getty Images)

Thursday's Wall Street action started right where Wednesday's left off, with investors driving the major stock indexes to another day of broad and sizable advances.

At least some of the day's gains were chalked up to the Federal Reserve, which several strategists said yet again threaded the messaging needle with yesterday's announcement.

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Kyle Woodley was long CRM as of this writing.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.