Economics
Nasdaq Rallies to Record as U.S. Stocks Surge on Fed Rate View
Traders on the floor of the New York Stock Exchange.
Photographer: Richard Drew/AP PhotoThis article is for subscribers only.
U.S. stocks rallied, with the Nasdaq Composite Index closing at a record, as the Federal Reserve signaled it will continue to support the economy even as growth picks up.
Health-care and consumer shares in the Standard & Poor’s 500 Index gained more than 1.1 percent. The Nasdaq Biotechnology Index jumped to an all-time high. Harley-Davidson Inc. climbed