Global equity markets extended gains and bond prices fell on Wednesday after the Federal Reserve finally said it would scale back its stimulus, sending a signal that the US economy is on the mend and pushing the Dow and S&P 500 to record closing highs.
The Dow Jones industrial average closed up 292.71 points, or 1.84 percent, to 16,167.97. The S&P 500 rose 29.65 points, or 1.66 percent, to 1,810.65. The Nasdaq Composite added 46.384 points, or 1.15 percent, to 4,070.064.
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