U.S. stocks rallied on Wednesday, with Apple’s surge giving the Nasdaq its biggest gain of the year, while the Fed chairman reassured markets that the central bank would do more if necessary to lift the economy.
The Dow Jones industrial average shot up 89.16 points, or 0.69 percent, to 13,090.72 at the close. The Standard & Poor’s 500 Index .SPX rose 18.72 points, or 1.36 percent, to 1,390.69. The Nasdaq Composite Index .IXIC jumped 68.03 points, or 2.30 percent, to 3,029.63, and scored its best daily percentage gain since Dec. 20.
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