Stocks Close at Record Highs After Fed Keeps Stimulus in Place
The Dow Jones industrial average rose 169 points, or 1.1 percent, to close at 15,461 Thursday.
The Standard & Poor’s 500 index rose 22 points, or 1.4 percent, to 1,675.
Both indexes surpassed the record closes they set in May.
The tech-dominated Nasdaq composite rose 57 points, or 1.6 percent, to 3,578.
Investors also bought bonds after being reassured that the Fed was not in a hurry to pull back on its huge bond-buying program.
The yield on the benchmark 10-year Treasury note fell to 2.57 percent from 2.63 percent late Wednesday.
As recently as early May, it was 1.63 percent.