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Wall Street ends up as Fed upbeat on economy


    NEW YORK (Reuters) - U.S. stocks rose on Wednesday, with the Dow Jones industrial average ending at a new closing high, as the Federal Reserve gave an upbeat view of the economy's prospects as it announced another cut to its bond-buying program.

    The Dow Jones industrial average rose 45.47 points or 0.27 percent, to 16,580.84, the S&P 500 gained 5.62 points or 0.3 percent, to 1,883.95 and the Nasdaq Composite added 11.013 points or 0.27 percent, to 4,114.556.

    (Reporting by Angela Moon; Editing by Nick Zieminski)