LocalSYR

Stocks jump to record highs after Federal Reserve announcement

Stocks rallied on Wall Street Wednesday, marking record highs for the Dow Jones and the S&P 500.
Syracuse (WSYR-TV) – Stocks rallied on Wall Street Wednesday, marking record highs for the Dow Jones and the S&P 500.

The jump comes after the Federal Reserve announced its plans to continue a bond-buying stimulus program for at least another month.

Policymakers decided to wait until there is more evidence that the progress will be sustained.

Since last September, the Federal Reserve has been buying $85 billion in bonds each month in an effort to lower long-term interest rates.

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