US stocks rallied to record highs on Wednesday after the Federal Reserve surprised investors and decided against trimming its bond-buying stimulus programme, which has fueled Wall Street's rally of more than 20% this year.
The Dow Jones industrial average was up 146.44 points, or 0.94%, at 15,676.17, according to the latest data. The Standard & Poor's 500 Index was up 20.67 points, or 1.21%, at 1,725.43. The Nasdaq Composite Index was up 37.94 points, or 1.01%, at 3,783.64.
Most market participants were expecting the central bank to begin a withdrawal of the bond-buying programme by about $10 billion a month.
The Dow Jones industrial average was up 146.44 points, or 0.94%, at 15,676.17, according to the latest data. The Standard & Poor's 500 Index was up 20.67 points, or 1.21%, at 1,725.43. The Nasdaq Composite Index was up 37.94 points, or 1.01%, at 3,783.64.
Most market participants were expecting the central bank to begin a withdrawal of the bond-buying programme by about $10 billion a month.