• Fed's update juices stocks, Dow, S&P, Nasdaq jump 1%

  U.S. stocks staged a broad rally after the Federal Reserve said it may soon start slowing its aggressive bond-buying program, this as rate hikes remain in the pipeline starting in 2022. Chairman Powell also downplayed major risks to the U.S. tied to Chinese lender Evergrande. Elsewhere, FedEx shares closed down 9% the worst percentage drop since March of 2020.

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