Wall Street Rallies As S&P 500, Dow Post Huge Gains

Category: Markets / Finance / Feb 27, 2013 4:26PM EDT
All three major U.S. stock indexes rose more than 1 percent on Wednesday and the S&P 500 posted its best daily percentage gain since January 2 as Federal Reserve Chairman Ben Bernanke remained steadfast in his support of the Fed's stimulus policy. Based on the latest available data, the Dow Jones industrial average .DJI was up 175.24 points, or 1.26 percent, at 14,075.37. The Standard & Poor's 500 Index .SPX was up 19.05 points, or 1.27 percent, at 1,515.99. The Nasdaq Composite Index .IXIC was up 32.61 points, or 1.04 percent, at 3,162.26.