Stocks jumped Wednesday as investors cheered the Federal Reserve's surprise decision to keep its economic stimulus program in place, at least for now. Both the Dow Jones industrial average and the Standard & Poor's 500 index surpassed their previous record highs set on Aug. 2.
The Dow Jones industrial average rose 147.21 points, or 1 percent, to close at 15,676.94.
The Standard & Poor's 500 index jumped 20.76 points, or 1.2 percent, to 1,725.52.
The Nasdaq composite rose 37.94 points, or 1 percent, to 3,783.64.
For the week:
The Dow is up 300.88 points, or 2 percent.
The S&P 500 is up 37.53 points, or 2.2 percent.
The Nasdaq is up 61.46 points, or 1.7 percent.
For the year so far:
The Dow is up 2,572.80 points, or 19.6 percent.
The S&P 500 is up 299.33 points, or 21 percent.
The Nasdaq is up 764.13 points, or 25.3 percent.