U.S. stocks rally on Fed vow to 12,758.85

[admin]

U.S. stocks rally on Fed vow to 12,758.85
from MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) -- U.S. stocks closed sharply higher Wednesday, reversing after the Federal Reserve surprised many with a pledge to keep interest rates near zero percent until at least late 2014. Also, surging earnings from Apple Inc. , the largest market-cap stock in the world, drove the Nasdaq Composite higher. The Dow Jones Industrial Average rose 83.10 points, or 0.7%, to 12,758.85. The S&P 500 gained 11.41 points, or 0.9%, to 1,326.06; out of 16 trading sessions this year, it's risen for 13. The Nasdaq Composite jumped 31.67 points, or 1.1%, to 2,818.31.