The S&P 500 Index ($SPX) (SPY) Wednesday closed up by +0.71%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +1.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.80%.
Stocks rallied Wednesday, with the S&P 500 posting a new record high, the Dow Jones Industrials posting a 1-1/2 week high, and the Nasdaq 100 posting a 2-3/4 month high. Positive comments from Fed Vice Chair Jefferson boosted stocks when he said the US economy is growing at a "solid pace." Stocks also rose on Wednesday on speculation that Thursday’s US consumer price report will show easing price pressures.
