Stocks added to their gains on Wall Street Wednesday after the Federal Reserve sent a strong signal that it was in no hurry to continue raising interest rates.
Technology stocks led the broad rally, which pushed the Dow Jones Industrial Average above 25,000 points for the first time since early December and snapped a two-day losing streak for the benchmark S&P 500 index.
On Wednesday:
The S&P 500 index rose 41.05 points, or 1.6 per cent, to 2,681.05.
The Dow gained 434.90 points, or 1.8 per cent, to 25,014.86.
The Nasdaq composite climbed 154.79 points, or 2.2 per cent, to 7,183.08.
The Russell 2000 index of smaller companies picked up 15.49 points, or 1.1 per cent, to 1,486.94.
For the week:
The S&P 500 is up 16.29 points, or 0.6 per cent.
The Dow is up 277.66 points, or 1.1 per cent.
The Nasdaq is up 18.22 points, or 0.3 per cent.
The Russell 2000 is up 4.09 points, or 0.3 per cent.
For the year:
The S&P 500 is up 174.20 points, or 6.9 per cent.
The Dow is up 1,687.40 points, or 7.2 per cent.
The Nasdaq is up 547.80 points, or 8.3 per cent.
The Russell 2000 is up 138.38 points, or 10.3 per cent.
The Associated Press
