Dow surges to a new record high following Japan’s stimulus move by Tom Huddleston, Jr. @FortuneMagazine 11:07 AM EDT E-mail Tweet Facebook Google Plus Linkedin Share icons The U.S. market might not need candy to have a sweet Halloween, as stocks jumped across the board Friday after positive economic news out of Japan inspired a surge in the Asian markets. The Bank of Japan said early Friday that it will increase its monetary stimulus program in an attempt to revive that country’s economy. The news drove the Nikkei 225 up by 4.8%, hitting a seven-year high, while also seemingly offering at least some relief to U.S. investors’ concerns over the future of the global economy. The news of Japan’s stimulus also comes at the end of a week that saw the U.S. Federal Reserve put an end to quantitative easing, its own massive bond-buying program. The Dow Jones Industrial Average kicked off Friday by soaring to a new intraday record high. The blue-chip index was lately up 180 points, or 1%. The Dow Jones hit its previous record high, of 17,350, on Sept. 19. The Nasdaq composite and S&P 500-stock index are also on the upswing, lately both up about 1%. The spike comes a day after the Dow Jones index rallied again on the back of a positive report on third-quarter U.S. gross domestic product along with a positive quarterly earnings report from Visa that sent the credit card company’s shares soaring more than 10%. Visa’s shares are up slightly on Friday. Should this pace continue, this would be the second week in a row that all three major indices logged gains for the week. The strong stretch would finish out an October that started out with a wave of market volatility that included several massive sell-offs that nearly wiped out most of the year’s gains. The Chicago Board Options Exchange Volatility Index (VIX), often referred to as the “fear index,” is down about 1% on Friday, to just over 14 points, or nearly half where it stood about two weeks ago.