Wall Street rallied on Wednesday, and the S&P 500 climbed 1.2% for its best day in two weeks after the Federal Reserve kept the accelerator floored on its support for the economy.
U.S. stocks began rising as soon as trading opened, and momentum picked up after the Fed said in the afternoon that it will keep interest rates at their record low as the economy struggles through the recession created by the coronavirus pandemic. Tech stocks again helped lead the way.
The S&P 500 gained 40.00 points, or 1.2%, to 3,258.44 .
The Dow Jones Industrial Average rose 160.29, or 0.6%, to 26,539.57.
The Nasdaq composite added 140.85, or 1.4%, to 10,542.94.
The Russell 2000 index of small company stocks jumped 30.87, or 2.1%, to 1,500.63.