Stocks rose sharply on Wall Street on Wednesday after the Federal Reserve said it would accelerate its pullback of economic stimulus and raise interest rates three times next year to tackle rising inflation.
The S&P 500 shook off early losses and closed higher. The Dow Jones Industrial Average and Nasdaq also rose.
on Wednesday:
The S&P 500 rose 75.76 points, or 1.6%, to 4,709.85.
The Dow Jones Industrial Average rose 383.25 points, or 1.1%, to 35,927.43.
The Nasdaq closed 327.94 points, or 2.2%, higher at 15,565.58.
The Russell 2000 Index of Small Companies rose 35.56 points, or 1.6%, to 2,195.21.
For the week:
The S&P 500 is down 2.17 points, or less than 0.1%.
The Dow is down 43.56 points, or 0.1%.
The Nasdaq is down 65.02 points, or 0.4%.
The Russell 2000 is down 16.60 points, or 0.8%.
For the year:
The S&P 500 is up 953.78 points, or 25.4%.
The Dow is up 5,320.95 points, or 17.4%.
The Nasdaq is up 2,677.30 points, or 20.8%.
The Russell 2000 is up 220.35 points, or 11.2%.
Disclaimer: This post has been self-published from the agency feed without modification and has not been reviewed by an editor
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