Major U.S. stock indexes end at record highs after Fed announces taper

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Stocks ended higher Wednesday, with the tech-heavy Nasdaq Composite leading the way, as major indexes scored another round of closing records after the Federal Reserve announced, as expected, it would begin scaling back its asset purchase program later this month. The Dow Jones Industrial Average DJIA, +0.29% rose around 105 points, or 0.3%, to close near 36,158, while the S&P 500 SPX, +0.65% gained around 30 points, or 0.6%, ending near 4,661. The Nasdaq Composite COMP, +1.04% advanced around 162 points, or 1%, to close near 15,812. Wednesday’s close marked the fourth straight record for all three major indexes, the longest such streak for the trio since a four-day run that ended Oct. 5, 2017.

This article was originally published by Marketwatch.com. Read the original article here.

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