Dow jumps 400 points as Fed aids September recovery

  • Dow jumps 400 points as Fed aids September recovery

    U.S. stocks extended Wednesday's gains following the Federal Reserve's update on plans for tapering and interest rate hikes set to begin next year. Investors also shrugged off an uptick in weekly jobless claims. Elsewhere, BlackBerry shares jumped 10% after second-quarter revenue for all of the company's units exceeded expectations.

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