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U.S. stocks staged a comeback from their September rout Wednesday after the Federal Reserve signaled that it could begin to reduce its bond purchases soon and raise interest rates as early as next year.
Major U.S. indexes soared to intraday highs following the central bank’s statement, with the Dow Jones Industrial Average adding as many as 520.58 points at its peak. The blue-chip index was up about 330 points, or 1%, as of the 4 p.m. close of trading in New York.
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