While you were sleeping Dow, S and P 500 soar as Fed stays put

Wed, 18 Sep 2013

Sept. 19 (BusinessDesk) – Wall Street rallied, pushing the Dow Jones Industrial Average and the Standard & Poor's 500 Index to record highs, after the Federal Open Market Committee unexpectedly left the pace of monthly bond-buying program unchanged at US$85 billion. In late afternoon trading in New York, the Dow Jones Industrial Average gained 0.83 percent, the S&P 500 advanced 0.92 percent, while the Nasdaq rose 0.61 percent. The Dow touched a record 15,644.82 while the S&P 500 hit a record 1,720.36. "The Committee sees the downside risks t...

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