U.S. stocks soar, dollar sinks after Fed decision

MARKETS JUMP: The S&P 500 Index rallied to an eight-week high, the Dow Jones Industrial Average jumped 400 points and the Nasdaq 100 Index added more than 2.5 percent after the Fed said it will be “patient” on future interest-rate moves and signaled flexibility on the path for reducing its balance sheet. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
MARKETS JUMP: The S&P 500 Index rallied to an eight-week high, the Dow Jones Industrial Average jumped 400 points and the Nasdaq 100 Index added more than 2.5 percent after the Fed said it will be “patient” on future interest-rate moves and signaled flexibility on the path for reducing its balance sheet. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
NEW YORK - United States stocks surged and the dollar tumbled after the Federal Reserve signaled a stark dovish turn in its latest policy statement. The S&P 500 Index rallied to an eight-week high, the Dow Jones Industrial Average jumped 400 points and the Nasdaq 100 Index added more than 2.5 percent after the Fed said…

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