Money | Dow Jones Dow Surges 220 to Pre-Lehman Levels Investors cheer Fed's $600B plan By Nick McMaster Posted Nov 4, 2010 3:18 PM CDT Copied In this photograph taken Nov. 1, 2020, a trader, right, works on the floor of the New York Stock Exchange. (AP Photo/Richard Drew) The Dow Jones surged 220 points to close at 11,435—a few points beyond the levels it hit before the collapse of Lehman Brothers kicked off the international financial crisis in 2008. Investors were spurred to action by the Fed's $600 billion quantitative easing plan, which they are betting will drive down interest rates and spur business growth. “It was clear that the Fed wanted to exceed expectations,” one analyst tells MarketWatch. Read These Next Trumps ends trade talks with Canada. Actor Sam Rockwell gets residuals from movie he wasn't in. Gavin Newsom has filed a massive lawsuit against Fox News. President Trump celebrates a 'giant' Supreme Court win. Report an error