Stocks stage big rally, Dow spikes 2%

The Fed said Wednesday it will buy $600 billion of U.S. Treasuries by the middle of next year. The additional stimulus, referred to as quantitative easing, is the Fed's latest stab at lowering interest rates and combating deflation -- a move it hopes will help prop the sluggish economy.
The announcement was met with a tepid response Wednesday, but markets around the world surged Thursday. Commodities went along for the ride, with oil jumping 2% and gold rallying 3%. Treasuries also rose as investors looked to get in on the buying action ahead of the Fed.
Read More:http://money.cnn.com/2010/11/04/markets/markets_newyork/index.htm?cnn=yes