By: JeeYeon Park | CNBC.com Writer
Stocks closed sharply higher for a second
session Wednesday after the weaker-than-expected final read on
first-quarter gross domestic product diminished worries that the Fed
would rein in its stimulus measures in the immediate future.
The Dow Jones Industrial Average rallied 149.83 points, or 1.02 percent, to end at 14,910.14, led by Boeing and Home Depot, after logging a triple-digit gain in the previous session. The blue-chip index posted its 14th triple-digit move of the month.
The S&P 500 jumped 15.23 points, or 0.96 percent, to close at 1,603.26. And the Nasdaq bounced 28.34 points, or 0.85 percent, to finish at 3,376.22.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, declined near 17.
The Dow Jones Industrial Average rallied 149.83 points, or 1.02 percent, to end at 14,910.14, led by Boeing and Home Depot, after logging a triple-digit gain in the previous session. The blue-chip index posted its 14th triple-digit move of the month.
The S&P 500 jumped 15.23 points, or 0.96 percent, to close at 1,603.26. And the Nasdaq bounced 28.34 points, or 0.85 percent, to finish at 3,376.22.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, declined near 17.
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