Stocks rise broadly on Wall Street ahead of Fed statement
September 23, 2021
Stocks rose broadly on Wall Street Wednesday ahead of an update from the Federal Reserve on how and when it might begin easing its extraordinary support measures for the economy.
The S&P 500 rose 1% as of 1:17 p.m. Eastern. The Dow Jones Industrial Average rose 367 points, or 1.1%, to 34,287 and the Nasdaq rose 0.8%.
Gains within the S&P 500 were broad and could potentially break a four-day losing streak for the index, if they hold. More than 90% of stocks in the index rose. Banks and technology companies led the gains. Communications companies lagged the market.
Smaller stocks did better t...