Updated from 4:12 p.m. EST
Stocks shrugged off a slow start and surged Wednesday after the statement accompanying the Federal Reserve's first meeting of the year offered a relatively benign view of the economy.
The Dow Jones Industrial Average gained 98.38 points, or 0.79%, to 12,621.69 -- less than a point below a record close. The S&P 500 added 9.42 points, or 0.66%, to 1438.24, and the Nasdaq Composite was higher by 15.29 points, or 0.62%, at 2463.93.
The late rally helped the major indices finish the month of January with strong gains. The Dow was higher by 158 points, or 1.3%, its seventh straight monthly rise. The S&P 500 gained 20 points, or 1.4%, its eighth straight winning month. The Nasdaq finished the month with an increase of 49 points, or 2%. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
Oil *
77.05
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UP
30.69
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UP
4.98
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UP
6.87
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DOWN
0.38
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10 Yr
3.28%
SPDR Gold
116.62
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+0.29%
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+0.45%
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+0.32%
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-1.15%
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Data delayed 20 minutes |
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