Wall St ends higher on Fed stimulus hopes

Global markets gained on growing speculation that U.S. Federal Reserve will launch new stimulus to boost growth and counter euro debt crisis impact.
Dow Jones Industrial Average gained 95.51 points, or 0.75 per cent, to close at 12,837.33
S&P 500 rose 13.20 points, or 0.98 per cent, to end at 1,357.98. Nasdaq surged 34.43 points, or 1.19 per cent at 2,929.76.
Among key S&P sectors, materials and financials led the gainers, while telecom shares lagged.