More signs that interest rates will remain low and upbeat economic news from China gave investors more reason to keep buying stocks Wednesday. Federal Reserve officials signaled in speeches late Tuesday that a recovery in the economy is likely to be weak. Investors took that as another sign that policymakers will hold interest rates low to help resuscitate growth. Investors also drew encouragement from a 16.1 percent jump in industrial production in China.
The Dow Jones industrial average rose 44.29, or 0.4 percent, to 10,291.26.
The Standard & Poor's 500 index rose 5.50, or 0.5 percent, to 1,098.51.
The Nasdaq composite index rose 15.82, or 0.7 percent, to 2,166.90.
For the week:
The Dow is up 267.84, or 2.7 percent.
The S&P is up 29.21, or 2.7 percent.
The Nasdaq is up 54.46, or 2.6 percent.
For the year:
The Dow is up 1,514.87, or 17.3 percent.
The S&P is up 195.26, or 21.6 percent.
The Nasdaq is up 589.87, or 37.4 percent.
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