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U.S. stocks rebounded to new session highs, led
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Posted On: 10/28/2015 5:37:19 PM
Posted By:
PoemStone
U.S. stocks rebounded to new session highs,
led by financial and energy stocks, after the U.S. Federal Reserve held interest rates near zero but signaled a possible rate hike at its next meeting in December.
The Dow Jones Industrial Average surged 198 points, or 1.1%, to 17780. The S&P 500 rose 1.2% and the Nasdaq Composite was 1.3% higher.
In a statement following a two-day policy meeting, Fed officials suggested they had become less concerned in recent weeks about turbulent financial markets and uncertain economic developments overseas. They also pointed specifically to the next meeting as a time when they would be assessing whether it was time to raise rates.
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