Interesting times: Dow Industrials rise 525 points for the week

This past week may have been what the writer of the Chinese curse “May you live in interesting times” had in mind. The days and weeks around Federal Open Market Committee meetings are often interesting times, and this week was every bit of that. Happily, after two anxious days to open the week, stock prices rebounded for three days, and ended the week with the Dow and S&P 500 almost back to their all-time highs.
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Fed changes policy language but says it didn’t; stocks rise about 2%

Stocks got a boost on Wednesday from the Federal Open Market Committee, which said that, based on its current assessment of economic and market conditions, “it can be patient in beginning to normalize the stance of monetary policy.” Up from the open today, stock prices shot higher after the 2:00 release of the Fed’s post-meeting policy statement and ended today’s trading with the Dow Jones Industrials up 288 points or 1.7%; the S&P 500 and NASDAQ were each up a little more than 2%.
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