U.S. stocks clinched a fresh round of closing records Wednesday after the Federal Reserve said it expected to keep rates low through 2023. The Dow Jones Industrial Average DJIA, +0.58% closed near 33,016, up 190 points or 0.6%, while the S&P 500 SPX, +0.29% gained about 11 points, 0.3%, to settle near 3,974, both new highs. The tech-heavy Nasdaq Composite, COMP, +0.40% which has taken the brunt of selling in the face of rising yields in recent weeks, gained 54 points or 0.4%, to close near 13,525. The central bank is willing to look past a small overshoot in inflation, policymakers stressed in a Wednesday statement, even as it upgraded its economic outlook for 2021. Uber Technologies Inc. UBER, -4.23% shares slid one day after it said it would classify thousands of U.K. drivers as "workers" meaning they will be entitled to a minimum wage, holiday pay and possibly pensions.
The Link LonkMarch 18, 2021 at 04:01AM
https://www.marketwatch.com/story/stocks-rebound-to-close-at-records-after-fed-pledges-to-stay-easy-2021-03-17
Stocks rebound to close at records after Fed pledges to stay easy - MarketWatch
https://news.google.com/search?q=easy&hl=en-US&gl=US&ceid=US:en
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