☰

Empresas y finanzas

Stocks jump after Fed statement


    NEW YORK (Reuters) - The Nasdaq and the S&P 500 shot up more than 1 percent on Wednesday, while the Dow Industrials turned positive, after the Federal Reserve said after its policy meeting it will buy long-term U.S. Treasuries in its push to revive the recession-hit economy.

    The Dow's initial modest gains picked up speed, lifting the blue-chip average by more than 1 percent, while both the S&P and the Nasdaq extended their jumps to gains of more than 2 percent.

    The Dow Jones industrial average shot up 120.98 points, or 1.64 percent, at 7,516.68. The Standard & Poor's 500 Index was up 17.42 points, or 2.24 percent, at 795.54, just off its session high at 795.68. The Nasdaq Composite Index was up 38.42 points, or 2.63 percent, at 1,500.53

    (Reporting by Ellis Mnyandu; Editing by Jan Paschal)