Stock Market News

Big thumbs-up from WallStreet after Fed signals patience on rates

The DowJones Industrial Average jumped 1.77 percent to end at 25,014.86 points, while the S&P 500 gained 1.55 percent to 2,681.05. The Nasdaq Composite surged 2.2 percent to 7,183.08.

US stocks surged on Wednesday after the Federal Reserve said it would be patient in lifting borrowing costs further this year, reassuring investors worried about a slowing economy.

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