NEW YORK (TheStreet) -- U.S. stock indices picked up momentum from this morning to close higher Thursday as the Dow Jones Industrial Average
The Dow Jones Industrial Average
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U.S. stocks rallied to record levels Wednesday after the Federal Reserve eased concerns that the central bank could initiate its first rate hike before the summer.
Watch the video below for a closer look at how U.S. markets ended the trading day Thursday:
Markets opened strong today after the Federal Reserve pledged to hold down interest rates, saying it would keep rates near zero for a "considerable time." Markets also got a lift from a move by China's central bank on Thursday to cut short-term borrowing costs for banks.
Throughout the day, economic reports including a decline in jobless claims by 36,000 to a lower-than-expected 280,000 for the week ended Sept. 13, gave the U.S. stocks a boost.