NYSE | Wall St. rallies as Fed seen cautious on rate hike

Wall St. rallies as Fed seen cautious on rate hike

August 26, 2015 4:30 PM (UTC+8)

 

(From Reuters)

Wall Street racked up its biggest one-day gain in four years on Wednesday as fears about China’s economy gave way to bargain hunters emboldened by expectations the U.S. Federal Reserve might not raise interest rates next month.

The Dow Jones industrial average .DJI rose 619.2 points, or 3.95 percent, to 16,285.64, the S&P 500 .SPX gained 72.88 points, or 3.9 percent, to 1,940.49 and the NasdaqComposite .IXIC added 191.05 points, or 4.24 percent, to 4,697.54.

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