U.S. stocks climbed after the Federal Reserve said the economy still looks healthy enough to keep interest rates where they are.
The S&P 500 jumped 1.1% Wednesday, and its gains accelerated following the Fed’s announcement. The Dow Jones Industrial Average added 383 points, and the Nasdaq composite rose 1.4%.
The rally followed weeks of sharp and scary swings for the U.S. stock market driven by uncertainty about President Donald Trump’s trade war.
Wall Street also got a boost from easing yields in the bond market.
On Wednesday:
The S&P 500 rose 60.63 points, or 1.1%, to 5,675.29.
The Dow Jones Industrial Average rose 383.32 points, or 0.9%, to 41,964.63.
The Nasdaq composite rose 246.67 points, or 1.4%, to 17,750.79.
The Russell 2000 index of smaller companies rose 32.14 points, or 1.6%, to 2,082.08.
For the week:
The S&P 500 is up 36.35 points, or 0.6%.
The Dow is up 476.44 points, or 1.1%.
The Nasdaq is down 3.30 points, or less than 0.1%.
The Russell 2000 is up 37.98 points, or 1.9%.
For the year:
The S&P 500 is down 206.34 points, or 3.5%.
The Dow is down 579.59 points, or 1.4%.
The Nasdaq is down 1,560 points, or 8.1%.
The Russell 2000 is down 148.08 points, or 6.6%.
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