After showing a strong move to the upside in early trading on Wednesday, stocks saw substantial volatility following the Federal Reserve's monetary policy announcement. The major averages initially pulled back sharply in reaction to the Fed announcement but rallied strongly going into the close.
The major averages finished the session at their best levels of the day. The Dow jumped 518.76 points or 1.6 percent to 34,063.10, the Nasdaq soared 487.93 points or 3.8 percent to 13,436.55 and the S&P 500 surged 95.41 points or 2.2 percent at 4,357.86.
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