Stocks climbed more record highs on Wednesday after the Federal Reserve said it would begin dialing back the extraordinary aid to the economy it has been providing since the early days of the pandemic.
The Fed said it would begin reducing $15 billion a month by $120 billion in monthly bond purchases in the coming weeks. The announcement by the central banks was in line with the expectations of the markets.
on Wednesday:
The S&P 500 rose 29.92 points, or 0.6%, to 4,660.57.
The Dow Jones Industrial Average rose 104.95 points, or 0.3%, to 36,157.58.
The Nasdaq closed 161.98 points, up 1% at 15,811.58.
The Russell 2000 Index of Small Companies rose 42.42 points, or 1.8%, to 2,404.28.
For the week:
The S&P 500 is up 55.19 points, or 1.2%.
The Dow is up 338.02 points, or 0.9%.
The Nasdaq is up 313.20 points, or 2%.
The Russell 2000 is up 107.08 points, or 4.7%.
for the year:
The S&P 500 is up 904.50 points, or 24.1%.
The Dow is up 5,551.10 points, or 18.1%.
The Nasdaq is up 2,923.30 points, or 22.7%.
The Russell 2000 is up 429.42 points, or 21.7%.
Disclaimer: This post has been self-published from the agency feed without modification and has not been reviewed by an editor
read all breaking news, breaking news And coronavirus news Here. follow us on Facebook, Twitter And Wire.