Dow Jones industrial average closes at all-time high following US Federal Reserve's announcement of slight reduction in stimulus program; Dow gains 293, or 1.85%, closes at 16,168
Cindy Allen
NEW YORK
,
December 18, 2013
(Thomson Reuters Corp.)
–
The Dow and the S&P 500 closed at all-time highs on Wednesday after the Federal Reserve announced a small reduction in its stimulus program, confirming that the U.S. economy was on firm footing.
The Dow Jones industrial average rose 293.03 points or 1.85 percent, to end unofficially at 16,168.29, a record closing high. The S&P 500 gained 29.65 points or 1.66 percent, to finish unofficially at 1,810.65, also a record closing high. The Nasdaq Composite added 46.384 points or 1.15 percent, to close unofficially at 4,070.064.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.